Molycor Announces Closing of its private placement
June 21, 2010 - Vancouver, British Columbia
Molycor Gold Corp. (TSX.V-MOR; Frankfurt-M1V; Pink Sheets-MLYFF)(�Molycor� or the �Company�) announces that, the Company will not be closing any further tranches in its private placement, announced in its news release dated March 29, 2010 and amended April 30, 2010.
The total amount raised pursuant to the private placement was $391,000 which was comprised of 5,585,714 units (the �Unit�) at a price of $0.07 per Unit.
Each Unit was comprised of one common share in the capital of the Company, plus a two year share purchase warrant (the �Warrant�). Each Warrant entitled the holder to purchase one common share at a price of $0.12 per share at any time up to 5:00 pm (Vancouver time) on May 12, 2012. All of the securities issued pursuant to the private placement have a hold period expiring four months and one day after the closing date, as more fully described in its news release dated May 13, 2010 and amended May 17, 2010.
About Molycor Gold Corp.
Molycor is a diversified precious, speciality and base metal exploration and development company focusing on magnesium, molybdenum and gold exploration and development in North America.
On Behalf of Management
Larry W. Reaugh
Chief Executive Officer
For all Molycor Gold Corp. investor relations needs, investors are asked to visit the Molycor Gold Corp. website at
www.molycor.com.
Information Contact
Larry W. Reaugh
Chief Executive Officer
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B 1E6
Telephone: 604-531-9639 Facsimile: 604-531-9634
Email:
info@molycor.comwww.molycor.com
Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company�s website at www.molycor.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient�s spam filters frequently block receiving emails containing the full Cautionary Notice.
This message was sent from Pamela Astles to .com. It was sent from: The Reaugh Group, 2a 15782 Marine Drive, White Rock, BC V4B 1E6, Canada. You can modify/update your subscription via the link below. |
Email Marketing by
| |
|
VanEck Vectors Global Alternative Energy ETF
|
|
PRODUCER |
CODE : MOR.V |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Molycor Gold is a gold exploration company based in Canada. Molycor Gold holds various exploration projects in Canada. Its main asset in production is WINDPASS / SWEETHOME in Canada and its main exploration properties are GRIFFON, BEAVERDELL, DOBBIN I, DOBBIN II, SILVERADO, CROWREA, RIDGE TOP, TKO / HOT DOG RIDGE, FLAP, DAVIS, TAMI-MOSI and EMPRESS in Canada. |