Mr. Guy Goulet reports
MOROCCO STRATEGIC MINERALS CLOSES PRIVATE PLACEMENT FOR A TOTAL AMOUNT OF $600,000
Morocco Strategic Minerals Corp. has closed a non-brokered private placement, raising total gross proceeds of $600,000 through the issuance of six million units of the corporation at a price of 10 cents per unit.
Each unit consists in one common share of the corporation and one-half of one common share purchase warrant. Each whole warrant entitles its holder to purchase one common share at an exercise price of 15 cents per common share until Dec. 19, 2027.
All securities issued in connection with the offering are subject to a statutory hold period ending four months and one day from the date of their issuance being April 20, 2026. The offering remains subject to final approval from the TSX Venture Exchange.
In connection with the completion of the offering, the corporation expects to pay finders' fees in an aggregate amount of $17,500 and issue a total of 175,000 warrants to arm's-length third parties in consideration for their services under the offering.
The corporation intends to allocate the net proceeds from the offering toward the development of the corporation's portfolio in Quebec and Morocco, encompassing potential growth opportunities, as well as for general working capital purposes.
About Morocco Strategic Minerals
Corp.
Morocco Strategic Minerals is a Canadian mineral exploration company focused on the acquisition, exploration and, if warranted, development of natural resource properties of merit in Canada and Morocco.
We seek Safe Harbor.
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