THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN
Each Unit is comprised of one preferred security (a "Preferred Security") in the capital of Mosaic and one-quarter (0.25) of one common share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder to purchase one common share (a "Common Share") in the capital of Mosaic for an exercise price of
The Offering is being co-led by
The Units are being offered in
The net proceeds from the Offering will be used to fund Mosaic's future acquisitions that fit Mosaic's acquisition criteria and for general corporate purposes, all as more particularly described in the Prospectus.
The Offering is expected to close on or about
The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within
Mosaic is an investment company based in western
FOR FURTHER INFORMATION PLEASE CONTACT:
Tim TaylorVice President Mosaic Capital Corporation400, 2424 - 4th Street SWCalgary, AB T2S 2T4 Tel: (403) 270-4658
This news release contains forward-looking information and statements within the meaning of applicable Canadian securities laws (herein referred to as "forward-looking statements") that involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. All information and statements in this news release which are not statements of historical fact may be forward-looking statements. The words "believe", "expect", "intend", "estimate", "anticipate", "project", "scheduled", and similar expressions, as well as future or conditional verbs such as "will", "should", "would", and "could" often identify forward-looking statements. In particular, forward-looking statements in this news release include, but are not limited to, statements regarding the: expected size of the Offering; the expected completion date of the Offering; and the anticipated use of proceeds of the Offering by Mosaic. Such statements or information are only predictions and reflect the current beliefs of management with respect to future events and are based on information currently available to management. Actual results and events may differ materially from those contemplated by these forward-looking statements due to these statements being subject to a number of risks and uncertainties.
Undue reliance should not be placed on these forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature forward-looking statements involve assumptions and known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions and other forward-looking statements will not occur. Some of the assumptions made by Mosaic, upon which such forward-looking statements are based, include, but are not limited to: future market conditions will not be different than anticipated by Mosaic; there will be no material changes to government and environmental regulations affecting Mosaic's operations; and the business operations of the operating businesses of Mosaic will continue on a basis consistent with prior years.
A number of factors could cause actual results to differ materially from the those expressed or implied by the forward-looking statements, including, but not limited to: unexpected changes in the financial markets (including in the trading price of the securities of Mosaic) prior to closing of the Offering; unexpected regulatory issues; and changes in the general economic and business conditions of one or more of Mosaic and its subsidiaries. Should any risks or uncertainties which face Mosaic and its subsidiaries materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results or achievements could vary materially from those expressed or implied by the forward-looking statements contained in this news release. Readers are cautioned that the foregoing list of risks is not exhaustive. Additional information on these and other factors that could affect the operations or financial results of Mosaic and its subsidiaries are included in the Prospectus and Mosaic's annual information form for the year ended
Although Mosaic believes that the expectations represented by any forward-looking-statements contained herein are reasonable based on the information available to them on the date of this news release, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements. Any forward-looking statements herein contained are made as of the date of this news release and Mosaic does not assume any obligation to update or revise them to reflect new information, events or circumstances, except as required by law.
Mosaic Capital Corporation400, 2424 - 4th Street SWCalgary, Alberta T2S 2T4
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