Mosaic Minerals Raises CA$1.4 Million in Total Via Private Placement

MT newswire2026/10/20 15:57

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11:57 AM EDT, 10/20/2026 (MT Newswires) -- Mosaic Minerals (MOC.CN) closed the final tranche of a private placement of share units and flow-through units raising CA$1.4 million in total, it said on Tuesday. The final tranche of the offering consisted of 2.8-million flow-through units (FT units) at CA$0.105 per FT unit and 3.4-million units at CA$0.085 apiece, raising CA$574,350. Proceeds from the sale of the FT units will be used to incur eligible "Canadian exploration expenses" on the Golden Island project that qualify as "flow-through mining expenditures," in connection with its projects in Quebec, Canada, it said. Shares of the company were last seen unchanged at CA$0.09 on the Canadian Securities Exchange.

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华尔街见闻•2026/11/08 12:41