Corporacion Vengroup, S.A.

May 04, 2007 16:11 ET

Corporacion Vengroup, S.A. Issues Early Warning Report re: Medoro Resources Ltd.

EARLY WARNING REPORT PURSUANT TO NATIONAL INSTRUMENT 62-103

TORONTO, ONTARIO--(CCNMatthews - May 4, 2007) - Corporacion Vengroup, S.A. ("Vengroup") of Credicorp Plaza, 26th floor, Nicanor de Obarrio Ve, 50th Street, Panama announces that it has acquired ownership of 9,084,000 common shares of Medoro Resources Ltd. ("Medoro"). As a result of the purchase, Vengroup beneficially owns an aggregate of 9,084,000 common shares of Medoro, representing approximately 19.23% of all issued and outstanding common shares of Medoro. Joseph Mathias Brewer and Courtney Neeb exercise the voting rights attached to securities held by Vengroup, including the foregoing common shares of Medoro.

The foregoing transaction was effected pursuant to an asset acquisition agreement. Vengroup acquired the 9,084,000 common shares for investment purposes and may increase or decrease its ownership position in Medoro at any time.

For further information or a copy of the report filed by Vengroup with the various securities commissions, please contact:



Joseph Mathias Brewer
Treasurer
Corporacion Venegroup, S.A.

Tel: +58 212 251 2221
Fax: +58 212 251 0781

Contact Information

  • Corporacion Venegroup, S.A.
    Joseph Mathias Brewer
    Treasurer
    +58 212 251 2221
    +58 212 251 0781 (FAX)