By Laura Lutz
Des Moines, June 20 - Molycor Gold Corp. arranged a private placement of units for up to C$1.5 million.
The placement is expected to include up to 7.5 million units of one share and one half-share warrant at C$0.20 per unit. Each whole warrant will be exercisable at C$0.25 for one year.
The deal will be non-brokered.
Proceeds will be used for exploration and working capital.
Molycor is a mining company based in White Rock, B.C.
| Issuer: | Molycor Gold Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | Up to C$1.5 million
|
| Units: | Up to 7.5 million
|
| Price: | C$0.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.25
|
| Agent: | Non-brokered
|
| Pricing date: | June 20
|
| Stock symbol: | TSX Venture: MOR
|
| Stock price: | C$0.20 at close June 20
|
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