Molycor Announces Closing of Its Private Placement

- June 22nd, 2010

Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) announced 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.

Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) announced 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 press release is quoted as saying:

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.

Click here to access the entire press release

Click here to access Molycor Gold Corporate Site

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