Molycor Announces Change of Company Name to Nevada Clean Magnesium Inc.
16 April 2012 - 11:49PM
Marketwired
Molycor Gold Corp. (TSX
VENTURE:MOR)(PINKSHEETS:MLYFF)(FRANKFURT:M1V) ("Molycor" or the
"Company") announces it has changed its name to Nevada Clean
Magnesium Inc. and commencing at the opening on Wednesday, April
17, 2012, trading on the TSX Venture Exchange will be under the new
symbol "NVM".
"We believe the new name better reflects the Company's focus on
the development of its Tami Mosi Magnesium Project in Nevada," said
Edward Lee, President of the Company.
About Tami-Mosi Magnesium Project:
The Tami-Mosi magnesium project poses the ability to exploit its
inferred magnesium resource for 30 years producing 30,000 tonnes
per year within the United States, where protective tariffs are in
place on imported magnesium metal. The economics are based on a NI
43-101 resource estimate analysis on the project, completed by
Wardrop Engineering (a Tetra Tech Company), which shows an inferred
resource of 412 million tonnes with an average grade of 12.3% for a
contained metal content of 111 billion pounds of magnesium using a
12% cut-off grade.
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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