Mundoro Closes Previously Announced Private Placement

Core Viewpoint - Mundoro Capital Inc. has successfully raised C$1,517,500 through a private placement, exceeding its initial target of C$1,500,000, indicating strong investor interest in the company's shares [1][2]. Group 1: Financing Details - The company received subscriptions for a total of 5,836,540 Common Shares at a price of C$0.26 per share [1]. - Insiders, including principal shareholders, directors, and officers, subscribed for approximately C$665,500 worth of Common Shares, qualifying as a related party transaction [2]. - The financing is exempt from formal valuation and minority shareholder approval requirements under MI 61-101, as the value does not exceed 25% of the company's market capitalization [2]. Group 2: Use of Proceeds - The net proceeds from the financing will be allocated to expanding the generative program in the Western United States, specifically targeting copper opportunities, as well as for general working capital [3]. Group 3: Company Overview - Mundoro Capital Inc. is publicly listed on the TSX-V in Canada and OTCQB in the USA, focusing on mineral properties primarily related to base and precious metals [5]. - The company's asset portfolio is designed to generate near-term cash payments and create royalties from mineral properties, with a current focus on copper in the Western Tethyan Belt and the Laramide Belt [5].