By Devika Patel
Knoxville, Tenn., July 19 - Molycor Gold Corp. said it has increased its previously announced non-brokered private placement to C$1,714,400 from C$1.5 million
The offering subsequently has been raised to 8.572 million units from 7.5 million.
As previously reported, each unit will consist of one share and one half-share warrant at C$0.20 per unit. The warrants will be exercisable at C$0.25 for one year.
Proceeds will be used for exploration and general 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: | C$1,714,400
|
| Units: | 8.572 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
|
| Announcement date: | July 19
|
| Stock symbol: | TSX Venture: MOR
|
| Stock price: | C$0.20 at close June 20
|
| Stock price: | C$0.22 at close July 18
|
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