Mundoro Closes Previously Announced Private Placement

Executive Summary

• Mundoro Capital Inc. received a surplus of subscriptions, raising C$1,517,500 gross proceeds (C$0.26 per share) in its private placement.
• Insiders purchased approximately C$665,500 worth of shares, constituting a related‑party transaction exempt from MI 61‑101 valuation and minority‑shareholder approval requirements.
• Net proceeds will be used to expand the company’s generative program targeting copper projects in the Western United States and for general working capital.

Key Details

• Total Shares Subscribed: 5,836,540 Common Shares at C$0.26 per share.
• Gross Proceeds: C$1,517,500 (exceeding the originally announced target of C$1,500,000).
• Insider Participation: Approximately C$665,500 worth of shares purchased by principal shareholders, directors, and officers.
• Related‑Party Transaction: Exempt from formal valuation and minority‑shareholder approval under MI 61‑101 because the transaction does not exceed 25% of market capitalization.
• Hold Period: Shares subject to a four‑month lock‑up expiring on March 13 2026.
• Finder’s Fees: None paid in connection with this financing.
• Use of Proceeds: Expansion of generative program in the Western United States (focus on copper opportunities) and general working capital.

Notable Quotes

(No direct quotes were provided in the release.)