Golden Moor Inc.

Golden Moor Inc.

December 22, 2010 09:35 ET

Golden Moor Completes its Initial Public Offering

CASSELMAN, ONTARIO--(Marketwire - Dec. 22, 2010) - Golden Moor Inc. ("Golden Moor" or the "Corporation") (CNSX:MUD) announces today that it has closed its initial public offering of 5,460,981 common shares ("Shares") at a price of $0.10 per Share, for gross proceeds of $546,098.10. The Shares will trade on the Canadian National Stock Exchange under the symbol "MUD" at the opening of markets today.

JitneyTrade Inc. acted as agent in the offering (the "Agent"). As consideration for its services, the Agent received a cash commission of $48,226.87, 273,049 Shares and 273,049 broker warrants, each entitling the holder to purchase a Share at a price of $0.10 until December 15, 2015.

This press release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.

About Golden Moor Inc.

Golden Moor Inc. is a public company whose mission for the past 20 years has been to improve global health with natural products, special equipment and personal services. It has developed over 89 recipes derived from moor mud with uncommonly high humic acid content. In 1994, the Golden Moor brand was officially launched and Golden Moor opened a 5,000 square foot manufacturing plant. In 1998, the Corporation began selling directly to consumers. In 2007, it implemented a full-fledged affiliate program through an online web interface.

Contact Information

  • Golden Moor Inc.
    Marc Saint-Onge
    President and CEO
    613-764-6667 extension 226