Mooncor Oil & Gas

S/O: 98,016,638
F/D: 135,152,043
TSV: MOO


 
Aug30/10  Mooncor Oil & Gas Corp.'s Financial Statements and Management Discussion & Analysis, Dated June 30, 2010

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Aug30/10  To view Mooncor Oil & Gas Corp.'s Financial Statements and Management Discussion & Analysis, Dated June 30, 2010

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Aug20/10  Mooncor Closes Additional Oversubscription Of Financing

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Aug10/10  Mooncor Announces Final Closing Of $1.2 Million Financing And Oversubscription

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Aug4/10  Mooncor Announces Non-Brokered $1.125 Million Financing And First Closing

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Jul19/10  Mooncor Announces Details Of Financing Of Its Ontario Subsidiary

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Jun16/10  Mooncor Announces Planned Spinout Of Ontario Assets And Changes To The Board Of Directors

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Jun8/10  Mooncor Extends Warrant Expiration Dates

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May28/10  Mooncor Oil & Gas Corp.'s Financial Statements and Management Discussion & Analysis, Dated March 31, 2010

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Apr30/10  Mooncor Oil & Gas Corp.'s Financial Statements and Management Discussion & Analysis, Dated December 31, 2009

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Apr13/10  Mooncor Negotiates Extension of Convertible Debentures

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Feb18/10  Mooncor Announces Intention To Make Normal Course Issuer Bid

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MORE NEWS RELEASES

Mooncor Announces Final Closing Of $1.83 Million Non-Brokered Financing

Calgary, Alberta – Mooncor Oil & Gas Corp. ("Mooncor") is pleased to announce that it has completed the final tranche of its non-brokered private placement financing by issuing 598,000 common share units ("Units") at a price of $0.30 per Unit for aggregate gross proceeds of $179,400. Each Unit consists of one common share ("Common Share") in the capital of Mooncor and one-half of one common share purchase warrant ("Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.45 per share until September 29, 2011. All securities issued pursuant to the financing are subject to a four-month hold period.

The total amount raised by Mooncor pursuant to the non-brokered financing is $1,837,951 through the issuance of 6,126,502 Units.

The net proceeds will be used by Mooncor for working capital.

Including the issuance of shares detailed in this news release, there are currently 98,011,078 Common Shares issued and outstanding.

In connection with the final tranche of the financing, Mooncor paid cash commissions equal to 8% ($14,352) of the aggregate gross proceeds of the financing, and issued compensation warrants to purchase that number of Units as is equal to 10% (59,800) of the number of Units sold pursuant to the financing, at an exercise price of $0.30 per Unit exercisable until September 29, 2011.

Business of Mooncor Oil & Gas Corp.

Mooncor Oil & Gas Corp. is a junior oil and gas exploration and development company. Mooncor is focusing on its shale gas opportunities with a current emphasis on its high impact proven Muskwa shale gas play at Hamburg, Alberta.

For more information please contact:

Richard Cohen
Vice-President (Corporate Development)
Mooncor Oil & Gas Corp.
Tel: (905) 882-4422
rcohen@mooncor.com

OR

Jason Monaco
First Canadian Capital Corp.
Tel: (416) 742-5600
jmonaco@firstcanadiancapital.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.



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