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Bulgaria, Serbia-active Mundoro raises further funds for project development

Author Mario Tanev
Bulgaria, Serbia-active Mundoro raises further funds for project development Gold Ore; By James St. John, via Wikimedia Commons

SOFIA (Bulgaria), January 14 (SeeNews) - Canadian mineral exploration and development company Mundoro Capital, which is mainly active in Bulgaria and Serbia, said on Tuesday that it has raised some $100,000 (90,000 euro) from additional subscriptions following its $1.53 million private placement in December 2019.

Investors subscribed for an additional 735,473 units at a price of $0.135 per unit, Mundoro said in a statement.

Each unit consists of one common share and one-half of a share purchase warrant, with each full warrant exercisable to acquire one common share at a price of $0.20 per share, for a term of two years from the date of issuance. 

The company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria.

($ = 0.8998 euro)

 

 

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