Financings
Morocco Strategic Minerals Closes Private Placement for a Total Amount of $600,000

MCC · Price
Executive Summary
- Morocco Strategic Minerals Corp. closed a non‑brokered private placement, raising $600,000 gross proceeds from the sale of 6,000,000 units at $0.10 per unit.
- Each unit includes one common share and half of a warrant; each full warrant allows purchase of one common share at $0.15 up to December 19, 2027.
- Net proceeds will be used to fund development of the company’s Québec and Morocco project portfolio and for general working capital.
Key Details
- Offering size: 6,000,000 units sold for a total gross proceeds of $600,000 ($0.10 per unit).
- Unit composition: 1 common share + ½ warrant (full warrant = right to buy 1 common share at $0.15).
- Warrant terms: Exercise price $0.15 per common share; exercisable until December 19, 2027.
- Statutory hold period: Securities subject to a four‑month‑plus‑one‑day hold ending April 20, 2026.
- TSXV approval: Offering remains pending final approval from the TSX Venture Exchange.
- Finder’s fees: $17,500 payable in cash to third‑party finders.
- Additional warrants issued: 175,000 warrants issued to arm’s‑length parties as compensation for placement services.
- Use of proceeds: Allocation toward development of existing Québec and Morocco exploration assets and general working capital.
Notable Quotes
(No executive quotes were included in the release.)
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May 28, 2026 · 08:00