CALGARY, April 16, 2018 /CNW/ - Mosaic Capital Corporation
("Mosaic" or the "Company") (TSX-V Symbols: M
and M.DB) reports that it has granted, as part of its long
term incentive compensation program (the "Plan"), an
aggregate of 88,061 restricted securities units ("RSUs") to
its directors and executive officers (59,862 RSUs) and employees
(28,199 RSUs), and an aggregate of 362,406 options to
purchase Mosaic common shares ("Options") to its directors
and executive officers (260,150 Options) and employees (102,256
Options). The Options have an exercise price of $5.78 and, subject to certain conditions, will
expire 5 years from the date of grant. The RSUs and Options
granted will vest yearly in three equal tranches starting in April
of 2019.
In accordance with the terms of Mosaic's Securities Based
Compensation Plan, the exercise price of the Options is based on
the 10-day volume weighted average trading price of the Company's
common shares, ending April 16,
2018.
ABOUT MOSAIC CAPITAL
CORPORATION
Mosaic is a Canadian investment company that owns a portfolio of
established businesses which span a diverse range of industries and
geographies. Mosaic's strategy is to create long-term value for its
shareholders through accretive acquisitions, long-term portfolio
ownership, sustained cash flows and organic portfolio growth.
Mosaic achieves its objectives by maintaining financial discipline,
acquiring businesses at attractive valuations, performing extensive
acquisition due diligence, utilizing optimal transaction
structuring and working closely with subsidiary businesses after
acquisition.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release
SOURCE Mosaic Capital Corporation
