Moag Amends the Terms of Warrants and Grants Stock Options


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CNSX:MOG
12/20/2013 [ACCESSWIRE]

Toronto, ON, December 20, 2013-Moag Copper Gold Resources Inc. ("Moag")(CNSX:MOG) announced today that it has amended the terms of 13,441,666 warrants.

625,000 warrants with an exercise price of $0.10 per share have been extended for one year to January 9, 2015.

2,000,000 warrants with an exercise price of $0.10 per share have been extended for one year to June 30, 2015.

The exercise price of the 1,750,000 warrants has been amended from $0.20 per share to $0.10 per share and the expiry date of the warrants has been extended for one year to January 9, 2015.

The exercise price of the 3,016,666 warrants has been amended from $0.25 per share to $0.10 per share and the expiry date of the warrants has been extended for one year to January 9, 2015.

The exercise price of the 1,175,000 warrants has been amended from $0.30 per share to $0.10 per share and the expiry date of the warrants has been extended for one year to January 9, 2015.

The exercise price of the 625,000 warrants has been amended from $0.25 per share to $0.10 per share and the expiry date of the warrants has been extended for one year to January 9, 2015.

The exercise price of the 4,250,000 flow-through warrants has been amended from $0.50 per share to $0.15 per share and the expiry date of the warrants has been extended for one year to January 9, 2015.

Moag has also granted 7,125,000 stock options with an exercise price of $0.10 per share and an expiry date of December 20, 2018 to directors, officers and consultants.

On Behalf of the Board

Bradley L. Jones, CPA, CA

Chief Operating Officer & CFO

For further information please contact:


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 |Bradley L. Jones, Chief Operating Officer   | |
 |416 399 9745  E-mail: bradley.jones@moag.ca | |
 |Web:   www.moag.ca                          | |
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