MONTRÉAL, May 05, 2026 (GLOBE NEWSWIRE) -- Morocco Strategic Minerals Corporation. (TSXV:MCC) ("MCC" or the "Corporation") is pleased to announce the closing of its previously announced non-brokered private placement, raising total gross proceeds of $7,516,935 through the issuance of 50,112,900 units of the Corporation ("Units") at a price of $0.15 per Unit (the "Private Placement").
Each Unit consists of (i) one common share in the capital of the Corporation (a "Common Share") and (ii) one half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles its holder to acquire one additional Common Share (a "Warrant Share") at a price of $0.25 per Warrant Share until May 4, 2028.
All securities issued in connection with the Private Placement are subject to a statutory hold period ending on September 5, 2026. The Private Placement remains subject to final approval from the TSX Venture Exchange ("TSXV").
In connection with the completion of the Private Placement, the Corporation paid finder's fees in an aggregate amount of $234,312.74 and issue a total of 1,292,584 Warrants to arm's length third parties in consideration for their services under the Private Placement.
The Corporation intends to use the net proceeds from the Private Placement to fund the acquisition and development of mining assets in Morocco, ...
