Business
Mosaic Minerals Announces Closing of its Offering
MONTREAL, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or the “Corporation”) is pleased to announce that it has closed a p
About this update from Mosaic Minerals Corp
[{"type":"text","content":" MONTREAL, Dec. 23, 2022 (GLOBE NEWSWIRE) -- Mosaic Minerals Corporation (CSE: MOC) (“Mosaic” or the “Corporation”) is pleased to announce that it has closed a private placement (the \"Offering\"), pursuant to which it issued 6,008,571 flow-through common shares (the “FT Shares”) of the Corporation at a price of $0.14 per flow-through share for aggregate gross proceeds of $841,200. All securities issued in respect of the Offering will be subject to a hold period of four (4) months and a day ending April 21, 2023. The Offering is subject to final approval of the Canadian Securities Exchange (CSE). The proceeds will be used for exploration work on nickel properties (Gaboury, 113 North) as well as new properties with lithium potential acquired in recent weeks. About Mosaic Minerals Corporation Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian Securities Exchange (CSE: MOC) now focusing on the exploration for future strategic Nickel and Lithium deposits in priority on the Quebec Province territory which have a long and successful history of base metal production principally in the Rouyn-Noranda, Matagami, Val-d’Or and Chibougamau mining camps. On Behalf of the Board M. Jonathan Hamel President & [email protected] This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predi...