Mosaic Capital Corporation Announces Conditional RSU Issuances
Calgary, Alberta (FSCwire) - Mosaic Capital Corporation ("Mosaic") (TSX-V Symbols: M and M.PR.A) announces that it has conditionally issued, as part of its variable incentive compensation program for the 2014 year (the "Plan"), restricted securities units ("RSUs") to certain executive officers and employees, some of which can be settled for up to 4,740 Mosaic common shares and some of which can be settled for up to 5,082 Mosaic preferred securities. In accordance with the terms of Mosaic's Securities Based Compensation Plan, $11.90 has been set as the settlement price for the RSUs which can be settled for common shares, and $11.10 has been set as the settlement price for the RSUs which can be settled for preferred securities.
Reference should be made to Mosaic's most recent information circular for a complete description of the Plan.
ABOUT MOSAIC CAPITAL CORPORATION
Mosaic is an investment company based in western Canada that owns a portfolio of established businesses that have a history of generating strong sustainable cash flow from their operations. Mosaic's objective is to create long term value for our shareholders and business partners and to have that reflected in our share price. We believe that this is achieved by growing free cash flow per share and retained earnings. We do this by acquiring businesses that we understand at attractive prices and we manage our risk through extensive due diligence, creative transaction structuring and working closely with our 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/mosaic05152014.pdf
Source: Mosaic Capital Corporation (TSX Venture:M) http://www.mosaiccapitalcorp.com/
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Copyright © 2014 Filing Services Canada Inc.