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viewMundoro Capital Inc.

Mundoro Capital set to raise C$1.31mln in revised placing

It will issue over 9.75mln units at 13.5 cents each, with each unit consisting of one share and one-half a share purchase warrant.

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The company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility-stage gold project in China

Mundoro Capital Inc (CVE:MUN) is set to raise around C$1.31mln via a private placing after it adjusted the terms.

It will issue over 9.75mln units at 13.5 cents each, with each unit consisting of one share and one-half a share purchase warrant, with each full warrant exercisable to acquire a share at 20 cents each for two years.

Closing of the placing is expected to occur on November 30 this year and Mundoro expects to use the gross proceeds toward project exploration, project acquisitions, and corporate general and administrative expenses.

 

Quick facts: Mundoro Capital Inc.

Price: 0.14 CAD

TSX-V:MUN
Market: TSX-V
Market Cap: $11.28 m
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on 10/24/2018

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