Mundoro receives additional offering subscriptions

Executive Summary

• Mundoro Capital Inc. has closed a previously announced private placement, raising gross proceeds of $1,517,500 through the issuance of 5,836,540 common shares.
• The transaction was oversubscribed, with principal shareholders, directors, and officers subscribing for approximately $665,500 worth of shares, constituting a related-party transaction exempt from formal valuation and minority shareholder approval requirements under MI 61-101.
• Net proceeds will be utilized to expand the company's generative exploration program in the western United States, specifically targeting copper opportunities, as well as for general working capital.

Key Details

• Gross Proceeds: $1,517,500
• Shares Issued: 5,836,540 common shares
• Price Per Share: $0.26 CAD
• Insider Participation: Approximately $665,500 worth of shares subscribed by principal shareholders, directors, and officers.
• Regulatory Status: Exempt from formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (MI 61-101) pursuant to sections 5.5(a) and 5.7(1)(a), as the fair market value and consideration do not exceed 25% of the company's market capitalization.
• Hold Period: Four-month hold period expiring on March 13, 2026.
• Finders' Fees: None paid.
• Use of Proceeds: Expansion of the generative program in the western United States (targeting copper opportunities) and general working capital.

Notable Quotes

• No direct quotes from the CEO/President were included in the provided text.