05:56:55 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Mosaic Capital Corp
Symbol M
Shares Issued 8,170,575
Close 2014-12-18 C$ 11.35
Market Cap C$ 92,736,026
Recent Sedar Documents

Mosaic Capital closes $10.41-million unit offering

2014-12-19 09:53 ET - News Release

Mr. Tim Taylor reports

MOSAIC CAPITAL CORPORATION ANNOUNCES CLOSING OF UNIT OFFERING

Mosaic Capital Corp. has closed its previously announced public offering of units priced at $34 per unit. Each unit comprises two preferred securities in the capital of Mosaic and one common share in the capital of Mosaic.

Under the offering, 306,380 units have been issued for total gross proceeds of $10,416,920, pursuant to Mosaic's final prospectus supplement dated Dec. 15, 2014, to its short form base shelf prospectus dated Sept. 19, 2014, each of which has been filed under Mosaic's profile on SEDAR.

The offering was conducted through a syndicate of agents co-led by Clarus Securities Inc., Canaccord Genuity Corp. and Raymond James Ltd., and including Mackie Research Capital Corp., GMP Securities LP and National Bank Financial Inc. Mosaic has granted the agents an overallotment option to purchase up to an additional 52,065 units at a price of $34 per unit for a period ending on the 30th day following the closing of the offering, subject to the rules of the TSX Venture Exchange.

The preferred securities and common shares that comprise the units sold pursuant to the offering have been listed and now trade on the TSX-V under the trading symbol M.PR.A and M, respectively.

The net proceeds from the offering are intended to be used to finance Mosaic's future acquisitions that fit Mosaic's acquisition criteria and for general corporate purposes, all as more particularly described in the supplement.

We seek Safe Harbor.

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