Moag Announces Closing of Private Placement of Convertible Debentures - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Moag Announces Closing of Private Placement of Convertible Debentures

Posted: Updated:

Toronto, ON, January 3, 2014-Moag Copper Gold Resources Inc. (“Moag”)(CNSX:MOG) announced today that it has closed its private placement of 10% Convertible Debentures for proceeds of $950,000. The Convertible Debentures have a Maturity Date of June 30, 2015 and are convertible into common shares of Moag at a price of $0.20 per share.

Finder’s fees of $95,000 were paid on the private placement.

On Behalf of the Board

Bradley L. Jones, CPA, CA

Chief Operating Officer & CFO

For further information please contact:


 -----------------------------------------------------------
 |Bradley L. Jones, COO |Gary R. Brown, CEO (778) 839-0622 |
 |& CFO (416) 510 8397  | gary.brown@moag.ca               |
 |bradley.jones@moag.ca |http://www.moag.ca/               |
 | http://www.moag.ca/  |                                  |
 |                      |                                  |
 -----------------------------------------------------------

Source: http://www.accesswire.com/viewarticle.aspx?id=410728

ReleaseID: 29975

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