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    Molycor Announces Completion of the First Portion of Private Placement

    Investing News Network
    May. 14, 2010 09:57AM PST
    Industrial Metals

    Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) reported that further to its news releases dated March 29, 2010 and April 30, 2010, the Company has closed the first portion of its Non-Brokered Private Placement for gross proceeds of $391,000 comprising of 5,585,714 units (the “Unit”) at a price of $0.07 per Unit.

    Molycor Gold Corp. (TSX VENTURE:MOR)(PINK SHEETS:MLYFF)(FRANKFURT:M1V) reported that further to its news releases dated March 29, 2010 and April 30, 2010, the Company has closed the first portion of its Non-Brokered Private Placement for gross proceeds of $391,000 comprising of 5,585,714 units (the “Unit”) at a price of $0.07 per Unit.

    The press release is quoted as saying:

    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.

    Click here to access the entire press release

    Click here to access Molycor Gold Corporate Sit

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