Myriad Uranium CorpCSE: M

Early Warning News Release of Alph Investment Corporation

Jun 27, 2014 at 1:00 PM UTC · Issued by Myriad Uranium Corp

Calgary, Alberta (FSCwire) - Alph Investment Corporation (“Alph”) announces that, in connection with a reorganization completed on June 26, 2014, C-Growth Trust transferred an aggregate of 1,550,107 common shares (the “Shares”) of Mosaic Capital Corporation (“Mosaic”) to Alph (the “Transfer”).

Following the Transfer, Alph acquired ownership and control over the Shares representing approximately 18.97% of the issued and outstanding common shares of Mosaic on an undiluted basis as at the date hereof.

Prior to the completion of the Transfer, Alph held no common shares or other securities of Mosaic. After giving effect to the Transfer, Alph acquired ownership and control over 1,550,107 common shares of Mosaic, representing approximately 18.97% of the issued and outstanding common shares of Mosaic on an undiluted basis as at the date hereof.

C-Growth Trust is an affiliate of Alph and is deemed to be a joint actor in respect of Alph. Harold Kunik, as one of the trustees of the C-Growth Trust, may be considered a joint actor in respect of the C-Growth Trust. Harold Kunik currently owns 132,632 common shares of Mosaic, which, together with the Shares acquired by Alph, represent approximately 20.6% of the issued and outstanding common shares of Mosaic.

The aggregate purchase price paid in connection with the acquisition of the 1,550,107 Shares was $19,577,851.41. The purchase price was satisfied by the issuance by Alph of 1,550,107 preferred shares in the capital of Alph to C-Growth Trust at a deemed price of $12.63 per preferred share.

The Transfer of the Shares by C-Growth Trust was effected pursuant to a reorganization of holdings in securities of Mosaic by C-Growth Trust. Subject to compliance with applicable securities laws and depending on economic and financial conditions, Alph may purchase or sell securities of Mosaic (through market or private transactions) from time to time for investment purposes.

Alph entered into a transfer agreement with C-Growth Trust setting out the consideration and general terms of the Transfer. Pursuant to the terms of such transfer agreement, Alph issued an aggregate of 1,550,107 preferred shares in the capital of Alph to C-Growth Trust in consideration of the Shares.

Alph has relied on Section 4.2 of Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids (“MI 62-104”) with respect to the acquisition of the Shares. In reliance on this exemption, Alph confirms that: (i) the acquisition was made from not more than 5 persons in the aggregate; (ii) the bid was not made generally to holders of common shares of Mosaic; (iii) there is a published market for the common shares of Mosaic on the TSX Venture Exchange; and (iv) the value of the consideration paid for the Shares, including brokerage fees and commissions, was not greater than 115% of the market price of the Shares at the date of acquisition, as determined in accordance with MI 62-104.

For additional information, or for a copy of the early warning report filed, or to be filed, by Alph in respect of the above-noted transaction, please contact:

Alph Investment Corporation
Harold Kunik
Director
400, 2424 – 4th Street SW
Calgary, Alberta T2S 2T4
Tel: (403) 218-6500

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/mosaic06272014_alph.pdf
Source: Mosaic Capital Corporation (TSX Venture:M) http://www.mosaiccapitalcorp.com/

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