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MUN Mundoro Capital Inc

0.21
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Mundoro Capital Inc TSXV:MUN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.21 0.20 0.21 0.21 0.21 0.21 73,022 17:51:48

Mundoro Continues to Consolidate Land Position Surrounding Bor Mine

04/04/2013 2:00pm

Marketwired Canada


Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the
"Company"), through its wholly-owned subsidiary in the Republic of Serbia
("Serbia") has been awarded a new license from the Serbian government directly
adjacent to the Bor Mine. The Dubrava-Ostrelj license area is located both North
and Southeast of the Bor Mine, with a portion of the license sitting in between
the Bor Mine and Reservoir Minerals and Freeport Moran's Timok Project Joint
Venture in Serbia (see attached map). 


Teo Dechev, CEO and President of Mundoro, commented, "The Company is pleased to
have been awarded the Dubrava-Ostrelj license. The Dubrava-Ostrelji license
appears to be prospective due to two key parts: (i) at the north end it occupies
the ground surrounding Bor Mine, Veliki Krivelj Mine and Cerovo Mine as well as
(ii) at the south end it occupies the ground directly between the Bor Mine and
the Reservoir/FMC Joint Venture. We believe the Tethyan Metallogenic Belt
continues to offer strong prospectivity for further discoveries and are pleased
to be able to focus our efforts on key license areas surrounding existing mining
operations along this belt." 


Dubrava-Ostrelj totals 50.97 sq. km and is located 7 km north of the Bor Mine
and 3.5 km from the Timok Joint Venture Project in the highly prospective,
world-class Timok Magmatic Complex (TMC). The license area geology is made up of
Upper Cretaceous subduction-related magmatic rocks which are the host rocks of
the world class Bor and Majdanpek deposits. The Company also reports that it has
dropped the Manastirica and Rakova Bara licenses, which were on the outer
periphery of the TMC, as the initial reconnaissance program did not present
robust enough results to merit continuing exploration work.


In other business of the Company, the Board approved a grant of 182,500 stock
options to several employees and contractors of the Company. The options will be
granted at the closing price on April 3, 2013. The options are exercisable for a
period of five years until April 3, 2018.


Qualified Person - The technical information of this Press Release has been
reviewed and approved by Mr. G. Magaranov, P. Geo., the Qualified Person as
defined by National Instrument 43-101.


On behalf of the Company,

Teo Dechev, Chief Executive Officer, President and Director

About Mundoro Capital Inc.

Mundoro is a well-funded, Canadian based, company focused on mineral
acquisition, exploration, and development. Our target areas are the Tethyan Belt
in Southeastern Europe and the Mesa Central Belt in Northwestern Mexico, both of
which are prolific mineral belts with strong exploration and development
potential. Mundoro has methodically acquired a district-scale land position in
both mineral belts which host significant Gold-Copper porphyry and related
epithermal deposits. Our strong project pipeline is positioned to drive
long-term, sustainable growth in order to attain production and shareholder
return. 


Caution Concerning Forward-Looking Statements

Information included, attached to or incorporated by reference into this News
Release may contain forward looking statements. All statements, other than
statements of historical fact, included or incorporated by reference in this
News Release are forward-looking statements, including, without limitation,
statements regarding activities, events or developments that the Board expects
or anticipates may occur in the future. These forward-looking statements can be
identified by the use of forward-looking words such as "will", "expect",
"intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar
words or the negative thereof. The material assumptions that were applied in
making the forward looking statements in this News Release include expectations
as to the Company's future strategy and business plan and execution of the
Company's existing plans. There can be no assurance that the plans, intentions
or expectations upon which these forward-looking statements are based will
occur. We caution readers of this News Release not to place undue reliance on
forward looking statements contained in this News Release, which are not a
guarantee of performance and are subject to a number of uncertainties and other
factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These factors include
general economic and market conditions, changes in law, regulatory processes,
the status of Mundoro's assets and financial condition, actions of competitors
and the ability to implement business strategies and pursue business
opportunities. The forward-looking statements contained in this News Release are
expressly qualified in their entirety by this cautionary statement. The
forward-looking statements included in this News Release are made as of the date
of this News Release and the Board undertakes no obligation to publicly update
such forward-looking statements to reflect new information, subsequent events or
otherwise, except as required by law. Shareholders are cautioned that all
forward-looking statements involve risks and uncertainties and for a more
detailed discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements, refer to the Company's filings with the Canadian
securities regulators available on www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mundoro Capital Inc.
Teo Dechev
CEO, President and Director
+1-604-669-8055
+1-604-669-8056 (FAX)
info@mundoro.com


Roth Investor Relations
Michelle Roth
+1-732-792-2200

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