Mundoro Capital arranges $1.5-million private placement

Executive Summary

• Mundoro Capital Inc. announced a non-brokered private placement to issue up to 5,769,231 common shares at $0.26 per share, raising up to $1.5 million in gross proceeds.
• The offering is supported by strategic lead orders from existing shareholders, with net proceeds designated for expanding the generative copper program in the Western United States and general working capital.
• The transaction is expected to close around October 31, 2025, subject to regulatory approvals including the TSX Venture Exchange, and includes a four-month hold period for the issued shares.

Key Details

• Instrument: Non-brokered private placement of common shares.
• Share Quantity: Up to 5,769,231 common shares.
• Price: $0.26 per common share.
• Gross Proceeds: Up to $1.5 million.
• Use of Proceeds: Expansion of the generative program in the Western United States (specifically targeting copper opportunities) and general working capital.
• Hold Period: Four-month hold period for the issued common shares.
• Resale Restrictions: Subject to U.S. resale restrictions under U.S. securities laws.
• Closing Date: Expected on or about October 31, 2025.
• Conditions: Subject to receipt of necessary regulatory and other approvals, including TSX Venture Exchange approval.
• Insider Participation: Insiders may acquire securities under the offering; this is a related party transaction exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the value is not expected to exceed 25% of the company's market capitalization.
• Fees: Finders' fees may be payable on a portion of the offering.