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VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2012) - Mundoro Capital Inc. (TSX VENTURE:MUN) ("Mundoro" or the "Company") is pleased to announce a strategic investment in the Company to be made by the Sheridan Platinum Group Ltd. ("Sheridan Group"), which investment will bring additional value-added expertise to Mundoro through the Sheridan Group's long established presence in the Canadian mining industry. The Company will issue to the Sheridan Group, by way of a brokered private placement, 5,500,000 common shares (the "Shares") at a price of $0.40 per Share (the "Transaction"), resulting in aggregate gross proceeds to the Company of approximately $2,200,000. On closing of the Transaction, the Sheridan Group will have ownership of approximately 13.1% of the then outstanding shares of Mundoro. The pricing of the Transaction is at a 27% premium to the Company's 30 day volume weighted average price ("VWAP") of the common shares on the TSX Venture Exchange ("TSXV"), 25% premium to the 20 day VWAP and 11% to the 10 day VWAP. |
