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

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.)