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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 8, 2016) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to report that it has completed a non-brokered private placement financing raising $1,000,000 by the issuance of 8,333,333 units at $0.12 per unit. Each unit consisted of one common share and a half common share purchase warrant. Each full warrant entitles the holder to purchase an additional common share at $0.20 for two years. If, after January 7, 2017, the closing price of the Company's shares on the TSX Venture Exchange is $0.30 or greater for any period of 15 consecutive trading days, the Company may, by news release issued within five trading days thereof, accelerate the expiry of the warrants to the 21st day after such news release. |
