Mundoro Raises Additional $1 Million IN Second Tranche of Private Placement
MUNDORO RAISES ADDITIONAL $1 MILLION IN SECOND TRANCHE OF PRIVATE PLACEMENT
December 29, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: 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 cons ists 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. N o finders fee was paid for the
second tranche. Together with the fir st 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 fo r its shareholders through directly investing in mineral projects that have the
ability to generate future returns for shareholde rs. The Company currently holds a diverse
portfolio of projects in two European countries as well as an investment in a produc ing go ld
mine in Bulgaria and a feasib ility stage gold project in China . The Com pany 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.
On behalf of the Company,
Teo Dechev,
Chief Executive Officer, President and Director
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 sta tements. Forward -looking statements can be
identified by the use of forward- looking words such as "will", " would", "could", "expect ",
"intend", "plan ", "estimate ", "anticipate", "believe" or " continue" or similar words or the
negative thereof. The material assumptions that were applied in mak ing the forward looking
statements in thi s News Release include the amount and timing for completi on of the private
placement. We caution readers of thi s News Release not to place undue reliance on forward
looking statements contained in this News Release , as there can be no assurance that they will
occur and they are subject to a number of uncertainties and other factors that could cause
actual results to differ materially from those expressed or implied by such forward- looking
statements. These factors include general economic and market conditions, exploration results ,
commodity prices , changes in law, regulatory processes, the status of Mundoro's assets and
financial condition, actions of competitors and t he 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 cautionary statement . The forward -looking
statements included in this News Release are made as of the date of this News Release and the
Board undertakes no obligation to publicly update such forward- looking statements,except as
required by law . Shareholders are caut ioned 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 di ffer materially f rom those expressed or implied by such forward-
looking statements ,refer to the Company 's filings with the Canadi an s ecurities 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 responsibili ty for the adequacy or accuracy of
this release.