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Re: News Releases - Monday, June 29, 2009
Mundoro Grants Stock Options
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VANCOUVER, BRITISH COLUMBIA--(June 29, 2009) - Mundoro Capital Inc.
(the "Company") (TSX:MUN - News) announces that the Board of Directors
has authorized the grant of 1,878,675 stock options under its 2009
Stock Option Plan (the "Option Plan") to directors, officers, employees
and consultants ("Participants") at an exercise price of $0.57 per
share. The stock options are granted to Participants in exchange for
cancellation of their unvested Restricted Share Units under the
Company's Restricted Share Unit Plan. The Company will cancel 1,787,335
unvested restricted share units which have an exercise price of $0.23
per unit. The grant of stock options in return for cancellation of
restricted share units will minimize disbursements from the Company's
cash reserves. The unvested stock options will have the same vesting
terms as the unvested restricted share units and are subject to
provisions in accordance with the Option Plan and the policies of the
Toronto Stock Exchange.
About Mundoro Capital Inc.
Mundoro Capital Inc. is a Canadian based company which operates as a
mineral exploration, development and investment company. The 100%
ownership of Mundoro Mining, and its Maoling Gold Project ("Maoling"),
remains the key asset of Mundoro Capital and the Company. Mundoro
Capital will also evaluate and invest in other resource assets or
companies in the natural resources field, which can create value for
Mundoro Capital and its shareholders, using management's years of
specialized experience in the capital markets focused on evaluating
exploration and production assets, resource investment opportunities.
Investors are encouraged to review 'Risk Factors' associated with the
Maoling project as outlined in the Company's prospectus documents and
other regulatory filings, available on the SEDAR website at
www.sedar.com.
The pre-feasibility described herein was prepared to broadly quantify
the Maoling Zone 1 deposit's capital and operating cost parameters, and
to further the development of the project. It was not prepared for use
as a valuation of the deposits, nor should it be considered to be a
final feasibility study. The information contained in the Study
reflects various technical and economic conditions at the time of
writing that can change significantly over relatively short periods of
time. There can be no assurance that the potential results contained in
the Study will be realized. The study was prepared by AMEC Americas
Ltd. under the direction and oversight of Mr. Mark Pearson P.Eng. of
Vancouver, BC, an 'Independent Qualified Person' as defined by National
Instrument 43-101. Resource estimation for the Zone 1 area in 2006 was
carried out in the Brisbane, Australia office of Golder Associates Pty
Limited, an international earth sciences consulting group under the
direction and oversight of Dr. Andrew Richmond, MAusIMM, an
'Independent Qualified Person' as defined by NI43-101. NI43-101
compliant technical reports for the pre-feasibility study and all
reserve and resource estimates have been filed on the SEDAR website at
www.sedar.com.
The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and
so involve inherent risks and uncertainties, as disclosed under the
heading "Risk Factors" in the company's periodic filings with Canadian
securities regulators. Actual results could differ from those currently
projected. The Company does not assume the obligation to update any
forward-looking statement.
The TSX has neither approved nor disapproved of the information
contained herein.
Contact:
Robert van Doorn
Chairman & CEO
604-630-3593
Teo Dechev
President & Director
604-630-3591
Ben Chow
Investor Relations Manager
604-630-3587
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Copyright (c) 2009 MUNDORO CAPITAL INC. (TSX:MUN) All rights
reserved. For more information visit our website at
http://www.mundoro.com/ or send mailto:info@mundoro.com
Message sent on Mon Jun 29, 2009 at 1:32:02 PM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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DEVELOPMENT STAGE |
CODE : MUN.TO |
ISIN : CA6261351077 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Mundoro Mining is a gold development stage company based in Canada. Its main asset in development is MAOLING in China. Mundoro Mining is listed in Canada, in Germany and in United States of America. Its market capitalisation is 19.9 millions as of today (US$ 19.1 millions, € 14.1 millions). Its stock quote reached its highest recent level on December 30, 2005 at 3.50, and its lowest recent point on October 31, 2008 at 0.15. Mundoro Mining has 47 442 200 shares outstanding. |