Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Goose94 who wrote (21549)	8/18/2016 11:52:26 AM
From: Goose94	Respond to of 203329

MUN-V intraday new 52 week high, 22 cents

To: Goose94 who wrote (21549)	9/8/2016 11:42:55 AM
From: Goose94	Read Replies (2) \| Respond to of 203329

Mundoro Capital (MUN-V) Sept 8, '16 is pleased to report that it has completed a non-brokered private placement financing raising $1,000,000 by the issuance of 8,333,333 units at $0.12 per unit. Each unit consisted of one common share and a half common share purchase warrant. Each full warrant entitles the holder to purchase an additional common share at $0.20 for two years. If, after January 7, 2017, the closing price of the Company's shares on the TSX Venture Exchange is $0.30 or greater for any period of 15 consecutive trading days, the Company may, by news release issued within five trading days thereof, accelerate the expiry of the warrants to the 21st day after such news release. In order to minimize dilution to existing shareholders, the Company chose not to increase the size of the Offering even though the Offering was oversubscribed. The Company restricted insiders from participating in order to allocate Units only to new and existing shareholders. All securities issued under the Offering are subject to a restricted resale period under Canadian securities law until January 8, 2017. The Company paid a finder's fee of 5% cash to Sprott Global Resource Investments, Ltd., for a total fee of $45,000, in respect of subscriptions from investors introduced by them as finders. The Company intends to use the net proceeds of the Offering for the exploration of Mundoro's 100% owned (i) four South Timok Projects in Serbia as well as (ii) two projects in southeastern Bulgaria. Zeleznik Drilling Update 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 around the end of September 2016 with results to be announced in Q4-2016. In August 2016, Mundoro commenced a detailed soil sampling program over the Central Target area after the encouraging gold results which were released August 16, 2016. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director 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". Mundoro Capital Inc. Teo Dechev CEO, President and Director +1-604-669-8055 www.mundoro.com