Mosaic Minerals Raises CA$198,470 After Closing Second Tranche of Private Placement

MT newswire2026/10/09 14:59

10:59 AM EDT, 10/09/2026 (MT Newswires) -- Mosaic Minerals (MOC.CN) closed the second tranche of a private placement offering raising CA$198,470, it said in a statement late Thursday. The second tranche comprised of 1.1-million flow-through units (FT units) at CA$0.105 per FT unit and 982,000 units (units) at CA$0.085 apiece. Proceeds from the sale of the FT units will be used to incur eligible "Canadian exploration expenses" on the Golden Island project located in Abitibi-Temiscamingue, Quebec. Shares of the company were last seen up 5.9% at CA$0.09 on the Canadian Securities Exchange.

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