TORONTO, ONTARIO — (Marketwired) — 04/10/13 — Moly Mines Limited (TSX: MOL)(ASX: MOL) advises that the Board and the Company-s major shareholder Hanlong Mining Investments Pty Ltd (Hanlong) have agreed the following in respect of the composition of the Board:
With respect to the Company-s merger and acquisition strategy, Hanlong has advised that it maintains its support for that strategy. Although it is unlikely that Hanlong will be in a position to directly financially support an acquisition or project development by the Company in the near future, Hanlong would seek to assist the Company to secure finance from Chinese Banks and other sources. The Company will maintain the focus of its merger and acquisition strategy on near term production opportunities.
ABN 32 103 295 521
Contacts: Moly Mines Limited Natalie Frame Investor Relations +1 416 777 1801 or +1 416 371 7541
Moly Mines Limited Martijn Bosboom Company Secretary +61 8 94293300
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