Mundoro Reports ON Annual General Meeting Results and Options Grant
MUNDORO REPORTS ON ANNUAL GENERAL MEETING RESULTS AND OPTIONS GRANT
JULY 3, 2020, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com ) ("Mundoro" or
the "Company"), is pleased to announce the voting results of the Annual General Meeting held on June
30, 2020 (the “Meeting”). Shareholders voted as follows on the matters before the meeting:
Board Members
Shareholders elected the followin g 4 board members with shareholders represented at the meeting
voting in favour of individual directors as follows:
Director Nominee Percentage of Votes
John Hoey 92.01%
Teo Dechev 92.50%
Michael Calyniuk 92.01%
Nick Hatch 92.50%
Appointment of Auditors
Shareholders approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company
for the ensuing year at the remuneration to be fixed by the directors.
The Company's shareholders voted in favor of all matters brou ght before the meeting. The results of
voting will be filed at www.sedar.com.
Furthermore, the Company issued 1, 545,000 stock options to its employees, consultants, officers and
directors on June 30, 2020. The stock options were issued in accordance wit h Mundoro’s Stock Option
Plan, are exercisable into common shares of Mundoro at $0.12 (being the closing price on the TSX Venture
Exchange on June 29, 2020) over a five-year term.
On behalf of the Board,
Teo Dechev
Chief Executive Officer, President and Director
About Mundoro Capital Inc.
Mundoro is a Canadian listed (TSX-V: MUN) precious and base metal company focused on building value
for its shareholders through directly investing in mineral projects that have the ability to generate future
returns for shareholders. Mundoro has generate d an attractive mineral project pipeline in Serbia and
Bulgaria, as well as an investment in a producing gold mine in Bulgaria, in order to drive long-term growth
and achieve shareholder return. Potential future returns for our shareholders from our mineral properties
can be in various forms such as discovery of mineral resources, royalties, advance royalty payments from
partners, an interest in production, dividend payments or sale of our interest in the mineral property.
For further information please contact:
Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055
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Caution Concerning Forward-Looking Statements
This News Release contains forward-looking statements. Forward-looking statements can be identified by
the use of forward -looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate",
"believe" or "continue" or similar words or the negative thereof, and include the following: completion of
the earn-in expenditures and options by JOGMEC; and completion of a definitive joint venture agreement
by the parties. The material assumptions that were applied in making the forward looking statements in
this News Release include expectations as to the mineral potential of the Timok North Properties, the
Company's future strategy and business plan and execution of the Company's existing plans. We caution
readers of this 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 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 the Board
undertakes no obligation to publicly update such forward-looking statements, 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.