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 | [email protected] | |[email protected] |http://www.moag.ca/ | | http://www.moag.ca/ | | | | | -----------------------------------------------------------