Myriad Uranium CorpCSE: M

Mosaic Capital Corporation Completes Acquisition of Place-Crete Systems Inc. and Floor-Tech Systems Inc.

· Issued by Myriad Uranium Corp

Mosaic Capital Corporation Completes Acquisition of Place-Crete Systems Inc. and

Floor-Tech Systems Inc.



Calgary, Alberta (FSCwire) - Mosaic Capital Corporation ("Mosaic") (TSX-V Symbols: M, M.PR.A and M.WT) is pleased to announce the successful completion, effective September 1, 2014, of its previously announced acquisition of a 75% interest in the business being carried on by Place-Crete Systems Inc. and Floor-Tech Systems Inc. (combined "Place-Crete").

Completion of Acquisition

Established in 1984, Place-Crete supplies, applies and finishes a variety of cement based toppings in the residential and commercial construction markets and provides waterproofing solutions to the civil infrastructure market. Products include gypsum floor underlayments used mainly in residential and commercial construction as well as waterproofing membranes which are applied to bridges, bridge approaches, plaza decks and parkades in both the new and restoration construction markets. For the year ended February 28th, 2014 Place-Crete had revenues of approximately $25 million.

Place-Crete has two primary service lines:

Gypsum Floor Underlayments and Cement Based Toppings

Gypsum concrete is a light-weight mixture of gypsum, cement and sand. It is a building material used as a floor underlayment in wood-frame and concrete buildings.

Gypsum underlayments are a commonly used type of floor underlayment. Its benefits include:

  • Smooth, flat surface for all types of flooring materials;
  • Fire resistant;
  • Sound reduction;
  • Fast drying time;
  • No delamination and,
  • No shrinkage.

Water Proofing Services

Place-Crete mainly focuses its efforts on parkade restoration and traffic deck systems and plaza and bridge deck waterproofing.

Parkade Restoration and Traffic Deck Systems:

  • Significant structural damage of parkades and traffic decks can be caused by water and chloride ions entering concrete and reinforcing steel. Place-Crete specializes in providing waterproofing products and solutions for new and restoration construction projects including structural concrete repairs, thin polyurethane traffic deck coatings and concrete sealers.

Plaza and Bridge Deck Waterproofing:

  • Plaza and bridge deck waterproofing involves the application of asphaltic membranes to protect structures from costly damage caused by water. Fluid and sheet asphaltic membranes are heated and applied to highway bridge decks, plazas over top of parking garages, roof terraces, pedestrian concourses and the foundation walls of tunnels and reservoirs.

"I am very excited about our partnership with Place-Crete," commented John Mackay Executive Chairman and CEO. Mr. Mackay added, "This partnership adds diversity to Mosaic's income stream, exposure into new sectors and future growth opportunities. Darrell Bokenfohr and the team have done a great job of creating a diversified business with solutions tailored to meet its customers’ needs. We look forward to working with the team at Place-Crete and building on their success."

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/MosaicSept22014.pdf

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

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