Ms. Teo Dechev reports
MUNDORO ANNOUNCES STRATEGIC PRIVATE PLACEMENT WITH LEAD ORDERS FROM EXISTING SHAREHOLDERS
Mundoro Capital Inc. intends to conduct a non-brokered private placement through the issuance of up to 5,769,231 common shares of the company at a price of 26 cents per common share for aggregate gross proceeds of up to $1.5-million. Strategic lead orders from existing shareholders demonstrate strong confidence in the company's business model.
The net proceeds of the offering will be used by the company to expand the generative program in the Western United States, specifically targeting copper opportunities, and as general working capital.
The common shares issued pursuant to the offering will be subject to a four-month hold period and will be subject to U.S. resale restrictions under U.S. securities laws. Finders' fees may be payable on a portion of the offering. The offering is expected to close on or about Oct. 31, 2025, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
Insiders of the company may acquire securities under the offering, which will be considered a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the subject matter nor the fair market value of the consideration for the transaction, insofar as it involves insiders of the company is expected to exceed 25 per cent of the company's market capitalization.
About Mundoro Capital Inc.
Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals. To drive value for shareholders, Mundoro's asset portfolio generates near-term cash payments to Mundoro and creates royalties attached to each mineral property optioned to partners. The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: the Western Tethyan belt in Eastern Europe and the Laramide belt in the southwestern United States.
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