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Molori Energy Inc.

11:56 AM EST - Molori Energy Inc. : Announced the signing of a definitive agreement to secure a 75% working interest in certain oil and gas leases, known formally as the "Red Cave Leases" in District 10, Texas. The acquisition of these leases, covering 11,000 acres with access to Red Cave, and with access to other formations, is a key milestone of Phase 1 of Molori's development plan. Molori Energy Inc. shares V.MOL are trading down $0.01 at $0.40.