Mundoro Announces Closing of Private Placement
MUNDORO ANNOUNCES CLOSING OF PRIVATE PLACEMENT
December 27, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com)
("Mundoro" or the "Company") is pleased to report that it has closed an over-subscribed non-brokered
private placement financing raising $1,530,968 by the issuance of 11,340,502 units (“Units”) at $0.135
per unit, subject to TSX approval. Each Unit consisted of one common share and one-half of one share
purchase warrant. Each whole share purchase warrant (“ 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.
All securities issued under the Offering are subject to a restricted resale period under Canadian securities
law until April 28, 2020. The Company will pay a finder’s fee of 6% cash for a total fee of $37,430, in
respect of subscriptions from investors introduced by this finder.
The Company intends to use the net proceeds of the Offering for the exploration of its non -partnered
properties in Serbia and Bulgaria, its non -partnered generative programs for new areas of exploration
as well as general corporate purposes.
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 holds a diverse portfolio of projects in Serbia and Bulgaria as
well as an investment in a producing gold mine in Bulgaria. There are eight licenses in Serbia, o f which
one is optioned to JOGMEC, indirect interests in two licenses are optioned to Freeport -McMoRan
Exploration Corporation, four licenses are optioned to Vale and one license, Zeleznik, is available for
third parties to option. In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC. Mundoro’s
common shares trade on the TSX Venture Exchange under the symbol “MUN”.
For further information please contact:
Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055
Caution Concerning Forward-Looking Statements
This News Release contains forward -looking information and statements (“forward -looking
statements”) under applicable securities laws. All statements, other than statements of historical fact,
included or incorporated by reference in this News Release are forward -looking statements, including,
without limitation, the completion of the private placement, completion of exploration work on projects
and licenses and results of that exploration work, the prospect of one or more additional joint ventures
and other statements regarding activities, events or developments that the Company expects or
anticipates may occur in the future. These forward -looking statements can be identified by the use of
forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”,
“promising”, “encouraging” or “continue” or similar words or the negative thereof. The material
assumptions that were applied in making the forward-looking statements in this News Release include
expectations as to the Company’s future strategy and business plan and execution of the Company’s
existing plans. There can be no assurance that the plans, intentions or expectations upon which these
forward-looking statements are based will occur. We caution readers of this News Release not to place
undue reliance on forward-looking statements contained in this News Release, which are not a guarantee
of performance and are subject to a number of uncertainties and other factors that could cause actual
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results to differ materially from those expressed or implied by such forward-looking statements. These
factors include general economic and market conditions, changes in law, regulatory processes, the status
of Mundoro’s assets and financial condition, actions of competitors and the ability to implement business
strategies and pursue business opportunities. The forward -looking statements contained in this News
Release are expressly qualified in their entirety by this caution ary statement. The forward -looking
statements included in this News Release are made as of the date of this News Release and Mundoro
undertakes no obligation to publicly update such forward-looking statements to reflect new information,
subsequent events or otherwise, except as required by law.
Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for
a more detailed discussion of such risks and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements, refer to the Company’s
filings with the Canadian securities regulators available on www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
These securities have not been and will not be registered under the United States Securities Act of 1933,
as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within
the United States unless registered under the U.S. Securities Act and applicable state securities laws or
an exemption from registration is available. This announcement does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in this private placement within the United States or
to, or for the account or benefit of, U.S. Persons (as defined under Regulation S under the U.S. Securities
Act).