VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 29, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN), (www.mundoro.com) ("Mundoro" or the "Company") has now closed the second tranche of its non-brokered private placement, raising an additional for $1,004,940 through the issuance of 7,444,000 units at a price of $0.135 per unit. Each unit consists of one common share and one-half of a share purchase warrant, with each full warrant exercisable to acquire a common share at a price of $0.20 for a term of three years. The terms of this second tranche are the same as the terms of first tranche private placement closed on November 30, 2017. No finders fee was paid for the second tranche. Together with the first tranche, Mundoro has successfully raised an aggregate of $2,322,529. The proceeds raised will be used towards project exploration, project acquisitions and general working capital. All securities issued in the private placement are subject to a four month hold period expiring on April 21, 2018.
About Mundoro Capital Inc.
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.
