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Mosaic Capital Corporation Announces Overnight-Marketed Public Offering of up to $20 Million of Common Shares
Mosaic Capital Corporation Announces Overnight-Marketed Public Offering of up to $20 Milli...
About this update from Myriad Uranium Corp
[{"type":"text","content":"\n\n\n\nMosaic Capital Corporation Announces Overnight-Marketed Public Offering of up to $20 Million of Common Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, June 12, 2017\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./\n\n\n\nCALGARY, June 12, 2017 /CNW/ - Mosaic Capital Corporation (\"Mosaic\") (TSX-V Symbols: M and M.DB) announced today that it has filed a preliminary prospectus supplement (the \"Prospectus Supplement\") to Mosaic's short-form base shelf prospectus dated September 23, 2016 (the \"Base Shelf Prospectus\") with the securities regulatory authorities in all provinces of Canada, except Québec, in connection with an overnight-marketed public offering (the \"Offering\") of common shares of Mosaic (the \"Common Shares\").\n\n\n \n \n\n \nThe Offering is being made through a syndicate of underwriters co-led by Canaccord Genuity Corp. and Raymond James Ltd.\n\nThe Offering will be for up to $20 million of Common Shares, not including any exercise of the customary over-allotment option for an additional 15% of the issue to be granted to the underwriters, and will be priced in the context of the market with final terms of the Offering to be determined at the time of pricing. \n\nMosaic will use the net proceeds of the Offering for future acquisitions that fit Mosaic's acquisition criteria and for general corporate purposes, which may include paying down existing credit facilities.\n\nThe Offering is expected to close on or about June 20, 2017 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.\n\nThe securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registra...