TORONTO, ONTARIO--(Marketwired - April 2, 2014) - Mooncor Oil & Gas Corp. ("Mooncor") (TSX VENTURE:MOO) is pleased to announce that, further to its press release dated March 26, 2014, it has completed the purchase of 819,672 common shares (the "Pinetree Shares") in the capital of Pinetree Capital Ltd. ("Pinetree"). Pursuant to a securities purchase agreement (the "Agreement"), Mooncor issued an aggregate of 10,000,000 units of Mooncor ("Units") at a deemed price of $0.05 per Unit, with each Unit comprised of one common share in the capital of Mooncor (a "Mooncor Share") and one common share purchase warrant entitling the holder thereof to acquire one Mooncor Share at a price of $0.10 per Mooncor Share until April 1, 2016 (24 months from the date of issuance). The Mooncor Shares issued to Pinetree are subject to a four (4) month hold period, which expires August 2, 2014.