Morocco Strategic closes $7.5 million private placement

Morocco Strategic Minerals Corporation (TSXV: MCC) completed a non-brokered private placement raising $7.5 million through the issuance of 50.1 million units priced at $0.15 each.

Each unit consists of one common share and one half warrant. The warrants allow holders to purchase additional shares at $0.25 per share until May 4, 2028.

The securities are subject to a statutory hold period ending September 5, 2026, and the placement requires final approval from the TSX Venture Exchange.

The company paid finder's fees totaling $234,313 and issued 1.3 million warrants to third parties for their services. Company insiders participated in the placement, purchasing 1.2 million units for $186,500.

Morocco Strategic plans to use the proceeds to fund acquisition and development of mining assets in Morocco and for general working capital purposes.

The insider participation constitutes a related party transaction under Regulation 61-101, though the company relied on exemptions from formal valuation and minority shareholder approval requirements since the transaction value remained below 25% of the company's market capitalization.

Morocco Strategic is a Canadian mineral exploration company focused on natural resource properties in Canada and Morocco. The information is based on a company press release.

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