The Prospector News

Mundoro Closes Previously Announced Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Mundoro Closes Previously Announced Private Placement

 

 

 

 

 

Mundoro Capital Inc. (TSX-V: MUN) announces that further to its news release dated October 24, 2025, announcing a private placement to raise aggregate proceeds of C$1,500,000, the Company has received a surplus of subscriptions for a total of 5,836,540 Common Shares at a price of C$0.26 per Common Share to raise aggregate gross proceeds of C$1,517,500.

 

Principal shareholders, directors and officers of the Company subscribed for approximately C$665,500.00 worth of Common Shares in the Financing. This participation by Insiders constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholders in Special Transactions. This transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities to be distributed nor the consideration to be received for the securities issued to such related party under the Offering will exceed 25% of the Company’s market capitalization.

 

The Common Shares are subject to a four-month hold period, expiring March 13, 2026. No finders’ fees have been paid in connection with this Financing.

 

The net proceeds of the Financing will be used by the Company to expand the generative program in the Western United States, specifically targeting copper opportunities, and for general working capital.

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act“), or any state or other applicable jurisdiction’s securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state or other jurisdictions’ securities laws.

 

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: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA.

 

Posted November 14, 2025

Share this news article

MORE or "UNCATEGORIZED"


Kuya Silver Confirms High-Grade Silver-Gold Vein Mineralization at Umm-Hadid with Initial Drill Results up to 1483.9 g/t AgEq over 2 Metres

Kuya Silver Corporation (CSE: KUYA) (OTCQB: KUYAF) (FSE: 6MR1) is... READ MORE

December 22, 2025

First Phosphate Closes Final Tranche of Oversubscribed Private Placement

First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (FSE: KD0)  is... READ MORE

December 22, 2025

GFG Receives Final Payment from the Sale of its Rattlesnake Hills Gold Project

GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF)  announces that i... READ MORE

December 22, 2025

Goliath Receives $1,730,882 Through Warrant Exercises, Inclusive Of Crescat Capital A Longtime Strategic And Cornerstone Shareholder

Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF)... READ MORE

December 22, 2025

Robex Pours First Gold at Kiniéro on Schedule and Budget

Highlights: Gold bar weighing 2.64 kilograms (85 oz) poured in th... READ MORE

December 22, 2025

Copyright 2025 The Prospector News