Molycor Annual General Meeting and Special Meeting Results
April 13 2012 - 5:06PM
Marketwired
Molycor Gold Corp. (TSX
VENTURE:MOR)(PINKSHEETS:MLYFF)(FRANKFURT:M1V) ("Molycor" or the
"Company") reports the results of its 2011 Annual General Meeting
and Special Meeting. At the meeting all ordinary resolutions placed
before the Meeting were passed. Shareholders re-elected Larry W.
Reaugh, Edward Lee, William Pfaffenberger, David Madill, Daniel
Koyich and Robert Brown as directors of the Company for the ensuing
year. DeVisser Gray, Chartered Accountants were reappointed as
auditors of the Company and the proposed amendments to the
Company's existing Stock Option Plan were approved.
A resolution was passed at the Meeting confirming the
Shareholders' Rights Plan with respect to the Shareholder's Rights
Plan Agreement made between the Company and Computershare Investor
Services Inc., as rights agent, dated February 28, 2012, and filed
with the TSX Venture Exchange.
In addition a special resolution was passed at the Meeting
resolving that the name of the Company be changed to "Nevada Clean
Magnesium Inc.", subject to the acceptance of the Registrar of
Companies and the TSX Venture Exchange.
About Molycor Gold Corp.
Molycor is a diversified precious, speciality and base metal
exploration and development company focusing on magnesium,
molybdenum and gold exploration and development in North
America.
On Behalf of Management
Edward Lee, President
For all Molycor Gold Corp. investor relations needs, investors
are asked to visit the Molycor Gold Corp. website at
www.molycor.com.
This news release may contain certain "Forward-Looking
Statements" within the meaning of Section 21E of the United States
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical fact, included herein are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate, and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the
Company's documents filed from time to time with the TSX-Venture
Exchange, the British Columbia Securities Commission and the US
Securities and Exchange Commission. We seek safe harbor.
The TSX-Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Molycor Gold Corp. Edward Lee President 604-531-9639
604-531-9634 (FAX)info@molycor.com www.molycor.com
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