$MCC.V

3 stories mentioning MCC.V

Every FINWIRES story that references MCC.V, newest first.

Morocco Strategic Minerals to Sell Sakami Property in Quebec to Visible Gold

Morocco Strategic Minerals (MCC.V) entered into an agreement with Visible Gold Mines (VGD.V) pursuant to which Visible Gold will buy a 100% interest in the Sakami Property located in the James Bay region of Quebec, it said on Wednesday.Visible Gold will issue to the company 4-million common shares of Visible Gold, about 9.7% of Visible Gold's issued and outstanding common shares on a pro forma non-diluted basis and about 8.3% on a pro forma fully diluted basis following closing. Visible Gold will also grant Morocco Strategic Minerals a 1% NSR royalty on the property, which may be repurchased by Visible Gold for $1 million.The common shares will be subject to a voluntary three-year resale restriction, with 400,000 common shares to be released four months following closing and 1.2 million common shares to be released on each of the first, second and third anniversaries of the closing date, it said.Shares of Morocco Strategic Minerals were last seen unchanged at $0.17 on the TSX Venture Exchange.

$MCC.V$VGD.V

Mining & Metals41d ago

Morocco Strategic Minerals Raises $7.5 Million Via Private Placement

Morocco Strategic Minerals (MCC.V) closed its previously announced non-brokered private placement, raising total proceeds of $7.5 million.The company issued 50.1-million units at $0.15 apiece, as part of the offering. Each unit consists of one common share and one half of one common share purchase warrant with each warrant entitling its holder to buy a share for $0.25 until May 4, 2028.Proceeds will be used to fund the acquisition and development of mining assets in Morocco, and for the company's general and corporate working capital needs. Insiders have participated in the private placement and were issued a total of 1.2-million units, for $186,500.Shares of the company were last seen unchanged at $0.175 on the TSX Venture Exchange.

$MCC.V

Oil & Energy56d ago

Morocco Strategic Minerals to Raise up to $5.0 Million in Private Placement of Units

Morocco Strategic Minerals (MCC.V), down 14% on last look, on Monday said it plans to raise $5.0 million in a private placement of share units.The company will place up to 33.3-million units priced at $0.15 apiece and made up of one share and half of a two-year warrant to buy a share for $0.25.Proceeds will be used to fund the acquisition and development of mining assets in Morocco.Morocco Strategic shares were last seen down $0.03 to $0.15 on the TSX Venture Exchange.Price: $0.15, Change: $-0.03, Percent Change: -14.29%

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