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Mundoro Announces Completion of Strategic Investment |
July 27, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 26, 2012) - Mundoro Capital Inc. (TSX VENTURE:MUN) ("Mundoro" or the "Company") is pleased to announce that it has closed the brokered private placement consisting of 3,950,000 common shares sold at a price of $0.40 per share to Sheridan Platinum Group Ltd. ("Sheridan Group"). The Sheridan Group now holds approximately 9.9% of the Company's issued and outstanding shares. As previously announced, as part of the strategic investment the Sheridan Group has been granted one board seat and has agreed to certain voting and standstill covenants. In connection with the private placement, the Board of Directors of the Company received a fairness opinion from Morrison Park Advisors, Mundoro's independent financial advisor.
http://www.marketwire.com/mw/release.do?id=1684537&sourceType=3
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