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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (19799)	8/9/2016 9:23:19 AM
From: Goose94	Read Replies (1) \| Respond to of 202925

Mundoro Capital (MUN-V) Aug 9, '16 intends to undertake a private placement to raise gross proceeds of up to $1,000,000 by the issuance of up to 8,333,333 units at $0.12 per Unit. Each Unit comprises one common share of the Company and one-half of one share purchase warrant. Each whole share purchase warrant is exercisable into one common share at a price of $0.20 per share for a period of 2 years following the closing of the offering, subject to an acceleration provision. If, commencing on the date that is four months after the closing date, the closing price of the common shares on the TSX Venture Exchange (the "Exchange") is higher than C$0.30 for 15 consecutive trading days then on the 15th consecutive trading day (the "Acceleration Trigger Date") the expiry date of the Warrants may be accelerated to the date that is 20 trading days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration within five trading days of the Acceleration Trigger Date. The Offering will be conducted on a non-brokered basis to institutional and accredited investors pursuant to prospectus exemptions available under applicable securities laws and is subject to the approval of the Exchange. A four-month hold period will apply to all securities issued as part of the Offering. The Company intends to close the Offering on or about September 7, 2016. There can be no assurance that the Offering will be completed as proposed or at all, and it is subject to all applicable regulatory approvals. In connection with the Offering, Mundoro may pay a finder's fee to certain qualified registrants assisting in the Offering in the amount equal to 5% of the gross proceeds raised by such finders. The Company intends to use the net proceeds of the Offering for the exploration of Mundoro's 100% owned (i) South Timok Projects in Serbia where Mundoro has three drill ready project areas: (1) Skoursa copper-gold porphyry, (2) Tilva Rosh epithermal system and (3) Markov Kamen copper-gold epithermal system; as well as (ii) Rhodopean projects in southeastern Bulgaria where Mundoro has two drill ready project areas: (1) the Chuka copper-gold porphyry target and (2) the AV sediment hosted epithermal gold target. Mundoro announced in June 2016 the commencement of a drilling program, which is fully funded by Mundoro's joint venture partner JOGMEC, on two of the JOGMEC optioned properties: Dubrava and Zeleznik. The drilling is expected to be completed by the end of September 2016 with results to be announced thereafter. About Mundoro Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China. The Company holds eight 100% owned projects in Serbia, the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro. Mundoro's common shares trade on the TSX Venture Exchange under the symbol "MUN". On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director Mundoro Capital Inc. Teo Dechev CEO, President and Director +1-604-669-8055 www.mundoro.com