Myriad Uranium CorpCSE: M

Mosaic Capital Corporation Announces 2015 Conditional RSU Issuances

Jan 17, 2015 at 12:05 AM UTC · Issued by Myriad Uranium Corp

Calgary, Alberta (FSCwire) - Mosaic Capital Corporation ("Mosaic") (TSX-V Symbols: M, M.PR.A and M.WT) is pleased to report that it has conditionally issued, as part of its variable incentive compensation program for the 2015 year (the "Plan"), restricted securities units ("RSUs") to its executive officers and employees, some of which can be settled for Mosaic common shares and some of which can be settled for Mosaic preferred securities. In accordance with the terms of Mosaic's Securities Based Compensation Plan, $11.80 has been set as the settlement price for the RSUs which can be settled for common shares, and $10.36 has been set as the settlement price for the RSUs which can be settled for preferred securities.

The terms of the Plan provide that the RSUs issued are subject to cancellation in whole or in part in the Spring of 2016 to the extent that specified performance criteria are not met. In the Spring of 2016 Mosaic will assess both corporate and, for each Plan participant, individual performance for the 2015 fiscal year as measured against the performance criteria. Determination of the final number of RSUs to remain outstanding in the hands of a Plan participant will then be made based upon attainment of such personal and corporate performance criteria as well as upon an allocation at the election of the Plan participant between RSUs for common shares, preferred securities or a combination thereof. The RSUs are to be settled on a one-for-one basis for the underlying security, being common shares or preferred securities (as the case may be). The RSUs held by a Plan participant will vest yearly in three equal tranches starting in the Spring of 2016. Mosaic has reserved a maximum of 150,765 common shares and 171,720 preferred securities for issuance upon settlement of the RSUs.

Reference should be made to Mosaic's most recent information circular for its 2014 annual general and special meeting of shareholders for a description of the Plan.

ABOUT MOSAIC CAPITAL CORPORATION

Mosaic is an investment company based in western Canada that owns a portfolio of established businesses with competitive advantages that have a history of generating cash flow from their operations. Mosaic's objective is to create long term value for its shareholders and business partners and to have that reflected in its share price. Mosaic believes that this is achieved by growing free cash flow per share and retained earnings. Mosaic does this by acquiring businesses it understands at attractive prices, managing risk through extensive due diligence, creative transaction structuring and working closely with subsidiary businesses after acquisition.

FOR FURTHER INFORMATION PLEASE CONTACT

Tim Taylor

Vice President

Mosaic Capital Corporation

400, 2424 – 4th Street SW

Calgary, AB T2S 2T4

T: (403) 270-4658

E: ttaylor@mosaiccapitalcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/mosaic01162015.pdf

Source: Mosaic Capital Corporation (TSX Venture:M) http://www.mosaiccapitalcorp.com/

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