Mundoro Receives Additional Private Placement Proceeds
MUNDORO RECEIVES ADDITIONAL PRIVATE PLACEMENT PROCEEDS
January 1 3, 2020, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com )
("Mundoro" or the "Company") is pleased to announce that further to its news release issued
December 27, 2019 announcing the closing of a private placement for a total of $1,530,968, it has
received additional subscriptions for 735,473 units at a price of $0.135 per unit, for an aggregate of
$99,288 (“Final Offering”). Each unit consists of one common share and one -half of a share purchase
warrant, with each full warrant exercisable to acquire one common share at a price of $0.20 per share,
for a term of two years from the date of issuance. Subject to TSX.V approval, all securities issued
under the Final Offering will be subject to a restricted resale period under Canadian securities law for a
period of four months and one day from the date of issuance. The Company has agreed to pay a finder’s
fee of $5,674, in respect of the additional subscriptions.
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 Compa ny 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, of which one is optioned to JOGMEC, indirect interests in two licenses are optioned to Freepo rt-
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 informat ion 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 limi tation, 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”, “en couraging” 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 execu tion 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
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cause actual 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 cautionary 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).