Morocco Strategic Minerals Closes Private Placement for a total amount of $1,000,0000
Morocco Strategic Minerals Closes Private Placement for a
total amount of $1,000,0000
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWSWIRE SERVICES
MONTRÉAL, QUÉBEC, CANADA — (February 26, 2025 ) – Morocco Strategic Minerals
Corporation. (TSXV: MCC) ("Morocco Strategic Minerals" or the "Corporation") is pleased
to announce the closing of a non-brokered private placement, raising total gross proceeds
of $1,000,000 through the issuance of 10,000,000 units of the Corporation ("Units") at a
price of $0.10 per Unit (the "Offering").
Each Unit consists in one common share of the Corporation (a “Common Share”) and one
half of one Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles
its holder to purchase one Common Share at an exercise price of $0. 15 per Common
Share for a period of 24 months.
All securities issued in connection with the Offering are subject to a statutory hold period
ending four -month and one day from the date of their issuance, in accordance with
applicable securities laws. The Offering remains subject to final approval from the TSX
Venture Exchange (“TSXV”).
In connection with the completion of the Offering, the Corporation expects to pay finder’s
fees in an aggregate amount of $ 70,000 and issue a total of 700,000 Warrants to arm’s
length third parties who assisted the Corporation by introducing subscribers to the
Offering.
The C orporation intends to allocate the net proceeds from the Offering towards the
development of the Corporation's portfolio in Québec and Morocco, encompassing
potential growth opportunities, as well as for general working capital purposes.
The securities described herein have not been, and will not be, registered under the United
States Securities Act of 1933, as amended, (the “ U.S. Securities Act ”) or any state
securities laws, and accordingly, may not be offered or sold within the United States
except in compliance with the registration requirements of the U.S. Securities Act and
applicable state securities requirements or pursuant to exemptions therefrom. This press
release does not constitute an offer to sell or a solicitation to buy any securities in any
jurisdiction.
PDAC Convention
Morocco Strategic Minerals would like to invite its shareholders and other stakeholders to
visit us at booth #3021 in the Investors Exchange Exhibition Room at the Prospectors and
Developers Association of Canada (PDAC) Convention. The PDAC, one of the world's
premier resou rce conferences, will be held at the Metro Toronto Convention Centre in
Ontario from Sunday, March 2, 2025 to Wednesday, March 5, 2025.
Previous Private placement
With reference to the Corporation's press release issued on January 24, 2025, under the
second tranche, the Corporation issued 2,987,500 units (instead of 3,087,500 units), at a
price of $0.08 per unit, for gross proceeds of $239,000.
In the aggregate, the Corporation raised gross proceeds of $939,000 and issued 11,737,500
Units under the Private Placement.
Digital Marketing Services Agreement
Further to the Corporation’s press release dated January 24, 2025, announcing the
engagement of Senergy Communications Capital Inc. ("Senergy") to provide digital
marketing services, Senergy is a Vancouver, British Columbia based communications and
media marketing company with the goal of helping public companies reach new investors
and maintain relationships with shareholders using online strategies and paid ads. Senergy,
has the ability to execute and deliver effective digital marketing services between public
companies and investors. For more information regarding Sene rgy please
visit: www.senergy.capital.
Senergy and its principal and Chief Executive Officer Aleem Fidai are at arm's length to the
Corporation and advise they do not own any securities in the Corporation and do not have
any right or intent to acquire an interest in the Corporation.
About Morocco Strategic Minerals
Morocco Strategic Minerals Inc. is a Canadian mineral exploration company focused on the
acquisition, exploration, and, if warranted, development of natural resource properties of
merit in Canada and Morocco.
Contact Information
Pierre-Olivier Goulet
Vice-President Corporate Development
Email: [email protected]
1-450-821-5270
Guy Goulet
President and CEO
Email:[email protected]
1-514-294-7000
Forward-Looking Statements and Disclaimer
Certain information contained herein may constitute "forward -looking information" under
Canadian securities legislation. Generally, forward -looking information can be identified
using forward-looking terminology such as "will be," "expected," or variations of such words
and phrases, or statements that certain actions, events, or results "will" occur. Forward -
looking statements, including statements relating to the intended use of the net proceeds
from the Offering, are based on the Corporation's estimates a nd are subject to known and
unknown risks, uncertainties, and other factors that may cause actual results, level of
activity, performance, or achievements of the Corporation to be materially different from
those expressed or implied by such forward-looking statements or forward-looking
information. There can be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking
statements and forward-looking information. The Corporation will not update any forward -
looking statements or forward -looking information that are incorporated by reference
herein, except as required by applicable securities laws.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies
of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.