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Mundoro Capital ( (TSE:MUN) ) has issued an update.
Mundoro Capital Inc. has successfully closed a private placement, raising C$1,517,500 through the sale of 5,836,540 common shares at C$0.26 each. The proceeds will be used to expand its generative program in the Western United States, specifically targeting copper opportunities, and for general working capital. This financing involved significant participation from principal shareholders, directors, and officers, constituting a related party transaction exempt from certain regulatory requirements. The announcement underscores Mundoro’s strategic focus on enhancing its operations in key mineral districts, potentially strengthening its market position and offering growth opportunities for stakeholders.
More about Mundoro Capital
Mundoro Capital Inc. is a publicly listed company on the TSX-V in Canada and OTCQB in the USA, focusing on base and precious metals. The company operates mineral properties primarily targeting copper in the Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. Mundoro’s asset portfolio generates near-term cash payments and creates royalties attached to each mineral property optioned to partners.
Average Trading Volume: 35,517
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$26.29M
See more data about MUN stock on TipRanks’ Stock Analysis page.