Mundoro Reports on Annual General Meeting Results and Options Grant

VANCOUVER, B.C., May 25, 2018 (GLOBE NEWSWIRE) — Mundoro Capital Inc. (the “Company”), is pleased to announce the voting results of the Annual General Meeting held on May 23, 2018 (the “Meeting”).  Shareholders voted as follows on the matters before the meeting:

Board Members

Shareholders elected the following 4 board members with shareholders represented at the meeting voting in favour of individual directors as follows:

Director Nominee Percentage of Votes
John Hoey 91.48%
Teo Dechev 94.30%
Michael Calyniuk 94.30%
Graham Brown 90.17%

Appointment of Auditors

Shareholders approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year at the remuneration to be fixed by the directors.

The Company’s shareholders voted in favor of all matters brought before the meeting. The results of voting will be filed at www.sedar.com

Furthermore, the Company issued 1,300,000 stock options to its employees, consultants, officers and directors on May 23, 2018. The stock options were issued in accordance with Mundoro’s Stock Option Plan, are exercisable into common shares of Mundoro at $0.11 (being the closing price on the TSX Venture Exchange on May 22, 2018) over a five-year term. 

On behalf of the Board,

Teo Dechev
Chief Executive Officer, President and Director

About Mundoro Capital Inc.

Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China. The Company holds eight 100% owned projects in Serbia, the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro.  Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”.

For further information please contact:
Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055.

Caution Concerning Forward-Looking Statements

This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of exploration work on any Projects and licenses and results of that exploration work, the prospect of one or more joint ventures on the Timok South Projects and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “promising”, “encouraging” or “continue” or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the Company’s future strategy and business plan and execution of the Company’s existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro’s assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company’s filings with the Canadian securities regulators available on www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.