Offering sells shares at C$0.40 each to fund exploration work programs
By Devika Patel
Knoxville, Tenn., July 27 - Mundoro Capital Inc. said it completed a C$1.58 million private placement of stock with Sheridan Platinum Group Ltd. The deal priced for C$2.2 million on July 18.
The company sold 3.95 million common shares at C$0.40 each. The price per share is identical to the July 17 closing share price.
Proceeds will be used for exploration work programs in Mexico and southeastern Europe and for potential acquisitions.
The Sheridan Group has also been granted one board seat and has agreed to certain voting and standstill covenants.
Mundoro is a gold explorer in Vancouver, B.C.
| Issuer: | Mundoro Capital Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.58 million
|
| Shares: | 3.95 million
|
| Price: | C$0.40
|
| Warrants: | No
|
| Investor: | Sheridan Platinum Group Ltd.
|
| Pricing date: | July 18
|
| Settlement date: | July 27
|
| Stock symbol: | TSX Venture: MUN
|
| Stock price: | C$0.40 at close July 17
|
| Market capitalization: | C$16.3 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
