Mosaic Capital Corporation Announces Pricing of Marketed Offering of Units

Calgary, Alberta (FSCwire) - Mosaic Capital Corporation ("Mosaic") (TSX-V Symbols: M, M.PR.A and M.WT) announced today that it intends to file a final prospectus supplement on or about December 12, 2014 (the "Supplement") to its short form base shelf prospectus dated September 19, 2014, in connection with the marketed public offering (the "Offering") of up to 857,142 units (the "Units") of Mosaic for gross proceeds of up to C$29,999,970.  The Units have been priced at $35.00 per Unit.  The Supplement will be filed with the securities regulatory authorities in each of the provinces of Canada, except Quebec, and the Units will be offered for sale in each of those provinces.

Each Unit is comprised of two preferred securities in the capital of Mosaic (each, a "Preferred Security" and, collectively, the "Preferred Securities") and one common share in the capital of Mosaic (each, a "Common Share" and, collectively, the "Common Shares").

The Offering is being co-led by Clarus Securities Inc., Canaccord Genuity Corp. and Raymond James Ltd. and includes Mackie Research Capital Corporation, GMP Securities L.P. and National Bank Financial Inc. (the "Agents").  A definitive agency agreement for the Offering will be entered into between Mosaic and the Agents.  Mosaic has agreed to grant to the Agents an over-allotment option to purchase up to that number of additional Units equal to 15% of the Units sold pursuant to the Offering at the Offering price for a period ending 30 days following the closing of the Offering.

The net proceeds from the Offering are intended to be used to fund Mosaic's future acquisitions that fit Mosaic's acquisition criteria and for general corporate purposes.

The Offering is expected to close on or about December 18, 2014, subject to customary conditions and all regulatory approvals including the approval of the TSX Venture Exchange.

The 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. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale or the solicitation of an offer to buy securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful.

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 – 4^th 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.

FORWARD-LOOKING INFORMATION

This news release contains forward-looking information and statements within the meaning of applicable Canadian securities laws (herein referred to as "forward-looking statements") that involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. All information and statements in this news release which are not statements of historical fact may be forward-looking statements. The words "believe", "expect", "intend", "estimate", "anticipate", "project", "scheduled", and similar expressions, as well as future or conditional verbs such as "will", "should", "would", and "could" often identify forward-looking statements. In particular this news release contains forward-looking statements regarding the expected timing of the filing of the Supplement, the pricing, size and timing of completion of the Offering, the entering into of a definitive agency agreement with the Agents, receipt of regulatory approvals in connection with the Offering, and the anticipated use of proceeds of the Offering by Mosaic. Such statements or information are only predictions and reflect the current beliefs of management with respect to future events and are based on information currently available to management. Actual results and events may differ materially from those contemplated by these forward-looking statements due to these statements being subject to a number of risks and uncertainties.

Undue reliance should not be placed on these forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature forward-looking statements involve assumptions and known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions and other forward-looking statements will not occur. Some of the assumptions made by Mosaic, upon which such forward-looking statements are based, include: the ability of Mosaic to obtain all required regulatory approvals in connection with the Offering; future market conditions not being different than anticipated by Mosaic; there will be no material changes to laws, policies and regulations affecting Mosaic and its operations; and the business operations of the operating businesses of Mosaic will continue on a basis consistent with prior years.

A number of factors could cause actual results to differ materially from the those expressed or implied by the forward-looking statements, including, but not limited to, unexpected changes in the financial markets (including in the trading price of the securities of Mosaic) prior to filing of the Supplement or closing of the Offering, unexpected regulatory issues, and changes in the general economic and business conditions pertaining to one or more of Mosaic and its subsidiaries. Should any risks or uncertainties which face Mosaic and its subsidiaries materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this news release. Readers are cautioned that the foregoing list of risks is not exhaustive.  Additional information on these and other factors that could affect the operations or financial results of Mosaic and its subsidiaries are included in Mosaic's annual information form for the year ended December 31, 2013 which has been filed under Mosaic's profile on SEDAR (www.sedar.com).

Although Mosaic believes that the expectations represented by any forward-looking-statements contained herein are reasonable based on the information available to them on the date of this news release, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. Any forward-looking statement herein contained is made as of the date of this news release and Mosaic does not assume any obligation to update or revise them to reflect new information, events or circumstances, except as required by law.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/mosaic12052014.pdf

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

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