Moly Mines Limited
TSX : MOL
ASX : MOL

Moly Mines Limited

October 01, 2010 09:00 ET

Moly Mines Cancels Project Finance Options

TORONTO, ONTARIO--(Marketwire - Oct. 1, 2010) - Moly Mines Limited (TSX:MOL)(ASX:MOL) confirms 35,500,000 Project Finance Options issued to Hanlong Mining Investment Pty Ltd ("Hanlong") were cancelled in accordance with their terms and conditions on 30 September 2010.

As advised on 22 September 2010, the Company plans to issue replacement options to Hanlong upon shareholder approval at the November 2010 annual general meeting.

Moly Mines confirms the following securities structure at 30 September 2010:

    Balance  
    30/09/2010  
  Ordinary shares 364,436,323  
  Employee Options    
  -$1.40, 31/12/2010 4,065,000  
  -$0.40, 31/12/2010 1,286,000  
  TCW Warrants 23,832,157  
  Institution Warrants 14,000,000  
  Total Securities on Issue 407,619,480  

Contact Information

  • Moly Mines Limited
    Natalie Frame
    Investor Relations
    +1 416 777 1801 or +1 416 371 7541
    or
    Moly Mines Limited
    Derek Fisher
    Managing Director
    +61 8 94293300
    www.molymines.com