Non-brokered deal sells units of one share and one half-share warrant
By Devika Patel
Knoxville, Tenn., Aug. 9 – Mundoro Capital Inc. announced it plans a C$1 million non-brokered private placement of units.
The company will sell 8,333,333 units of one common share and a half-share warrant at C$0.12 per unit. Each whole warrant is exercisable at C$0.20 for two years. The strike price represents a 53.85% premium to the Aug. 8 closing share price of C$0.13.
Settlement is expected Sept. 7.
Proceeds will be used for exploration.
Mundoro is a gold explorer in Vancouver, B.C.
| Issuer: | Mundoro Capital Inc.
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| Issue: | Units of one common share and a half-share warrant
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| Amount: | C$1 million
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| Units: | 8,333,333
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| Price: | C$0.12
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.20
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| Agent: | Non-brokered
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| Pricing date: | Aug. 9
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| Settlement date: | Sept. 7
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| Stock symbol: | TSX Venture: MUN
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| Stock price: | C$0.13 at close Aug. 8
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| Market capitalization: | C$5.47 million
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