Moly Mines Denies Redomicile Rumors

Moly Mines Ltd. (TSX:MOL,ASX:MOL) confirmed that it does not intend to redomicile to Canada.

As quoted in the press release:

The Company is currently evaluating its cost and management structure with a view to reducing overhead costs and establishing a management structure which is more suitable to the Company’s current position. As part of this process, senior executive positions are under review. The review is expected to be finalised within the next week and an announcement will be made when a final decision has been reached.

Click here to read the full Moly Mines Ltd. (TSX:MOL,ASX:MOL) press release.