Canadian Warrants

Mosaic Capital prospectus offering, warrant listing

2014-06-19 17:25 MT - Prospectus Approved

Effective June 20, 2014, the company's prospectus dated June 13, 2014, was filed with and accepted by the TSX Venture Exchange. The prospectus was filed with and receipted by the Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador securities commissions on June 13, 2014, pursuant to the provisions of the Securities Act (Alberta).

The TSX Venture Exchange has been advised that closing will occur on or before 9 a.m. EST on Friday, June 20, 2014, for gross proceeds of $28,776,336 (including the overallotment option).

Agents: Clarus Securities Inc., Canaccord Genuity Corp., Raymond James Ltd., National Bank Financial Inc. and Mackie Research Capital Corp.

Offering: 2,524,240 units (Each unit consists of one preferred security and one-quarter of one common share purchase warrant.)

Unit price: $11.40 per unit

Warrant exercise price/term: Each whole warrant entitles the holder to acquire one common share of the company at a price of $15.50 per share until Monday, Dec. 21, 2015, subject to acceleration of the expiry date in certain circumstances.

Agents' fees: The agents will receive a cash fee of $1,294,935.12.

Listing of warrants:

Effective at the opening, Friday, June 20, 2014, 631,060 warrants of the company will commence trading on the TSX Venture Exchange. The company is classified as an investment company.

Corporate jurisdiction: Alberta

Capitalization: Unlimited warrants with no par value, of which 631,060 warrants are issued and
outstanding pursuant to a warrant indenture dated June 20, 2014

Trading symbol: M.WT
Cusip No.: 61945B113

The warrants were distributed pursuant to the company's prospectus dated June 13, 2011. Each warrant entitles the holder to acquire one common share of the company at a price of $15.50 per share until Monday, Dec. 21, 2015, subject to acceleration of the expiry date in certain circumstances.

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