SOURCE: InvestmentPitch

December 22, 2010 20:52 ET

Golden Moor Inc (MUD - CNSX) Began Trading on the CNSX - InvestmentPitch.com Posts Video News Alert

VANCOUVER, BRITISH COLUMBIA--(Marketwire - December 22, 2010) -


Golden Moor Inc. (MUD - CNSX) is the latest company to begin trading on the Canadian National Stock Exchange, better known as the CNSX.

To view the InvestmentPitch.com video news alert about Golden Moor, click here. If the link is unavailable, please visit www.InvestmentPitch.com and enter "Golden Moor" in the search bar. The company has closed its initial public offering of 5,460,981 common shares at a price of $0.10 per share, for gross proceeds of $546,098.10. Montreal- based JitneyTrade Inc. acted as agent in the offering.

Golden Moor has a 20 year history in the health services industry, and several years ago began focusing on the therapeutic benefits of humic acid. Humic acids aid in preventing arthritic and rheumatic pain and give the body a sense of well-being.

After investigating 63 separate bogs, they found the humic acid in a bog located near Casselman, Ontario, to be of higher quality than any other location in the world.

The company has developed a multi-stage production method, whereby the mud is extracted from the bog, then ground, cleaned, washed, sterilized and treated in a proprietary manner.

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.

The company's main market share is based on spas, estheticians, massage therapists, orthotherapists, chiropractors, physiotherapists and beauty salons. The company hosts training seminars in Montreal, Toronto and Vancouver, which are offered to spa professionals in order to train them on the features of the various product lines. They have developed over 89 recipes derived from moor mud, and offer products such as Mud Bath, Facial Mask, Body Scrubs, Detox Cure and Nutritional Supplements.

In September 2010, the company sold the direct sales division to Genasante LLC, who distributes the products in Canada and the United States through a network of independent distributors.

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Source: InvestmentPitch via Thomson Reuters ONE

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Contact Information

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

    InvestmentPitch.com
    Barry Morgan, CFO
    604-684-5524
    Email Contact