Toronto, ON / ACCESSWIRE / June 20, 2014 / Moag Copper Gold Resources Inc. ("Moag")(CSE:MOG) announced today a proposed non-brokered private placement of up to of 10,000,000 units of Moag at a price of $0.05 per unit, for proceeds of up to $500,000. Each unit will consist of one common share and a warrant which entitles the holder to purchase an additional common share common share at a price of $0.10 per share for a period of two years from closing of the private placement.
Finder's fees may be paid on the private placement.
The net proceeds of the private placement will be used for exploration of Moag's Mace and Murvey properties located in Ireland and general working capital.
On Behalf of the Board
Bradley L. Jones, CPA, CA
Chief Operating Officer & CFO
For further information please contact:
---------------------------------------- |Bradley L. Jones, COO (416) 510 8397| | |E mail:[email protected] | | |Web:www.moag.ca | | ----------------------------------------
SOURCE: Moag Copper Gold Resources Inc.