Molycor Closes Private Placement

Company News

Molycor Gold Corp. (TSXV:MOR,PINK SHEETS:MLYFF,FWB:M1V) is pleased to announce that the Company has closed its Non-Brokered Private Placement announced in its news releases dated on August 29, 2011 and September 22, 2011.

Molycor Gold Corp. (TSXV:MOR,PINK SHEETS:MLYFF,FWB:M1V) is pleased to announce that the Company has closed its Non-Brokered Private Placement announced in its news releases dated on August 29, 2011 and September 22, 2011.

The total amount raised pursuant to the private placement was $238,500 which was comprised of 5,975,000 units at a price of $0.06 per unit (“Units”).

Click here to read the full Molycor Gold Corp. (TSXV:MOR,PINK SHEETS:MLYFF,FWB:M1V) press release

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