VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2013) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the "Company") has strengthened its management team with the appointment of Tom Wilson as Chief Financial Officer, effective today. Mr. Wilson has over 35 years of corporate experience in all areas of financial management and administration including corporate governance, government and securities compliance and financial administration.
During his career, Mr. Wilson has worked with both public and private companies. Within the mining sector, he has been CFO for the following companies: Quadro Resources Ltd., ICN Resources Ltd., Paragon Minerals Corporation and Vatic Ventures Corp. Previously, Mr. Wilson was the VP/Treasurer of Cellfor Inc.; the CFO for Quest University, the first privately funded university in British Columbia; Corporate Controller for MDSI, the largest mobile management information system in North America; and Senior Manager at MacMillan Bloedel Limited, Canada's largest forest products company.
Previously, the Company had contracted with Quantum Advisory Partners LLP, a chartered accounting firm specializing in providing accounting and financial reporting support to junior resource companies.
Teo Dechev, CEO and President of Mundoro said, "Mr. Wilson's broad-based experience as a finance professional further enhances our management team. We welcome Tom and look forward to working with him. On behalf of the Board of Directors, we thank both Quantum and Alnesh Mohan, a partner at Quantum, for their work on behalf of Mundoro." Mr. Mohan's resignation was effective January 31, 2013.
On behalf of the Company,
Teo Dechev, Chief Executive Officer, President and Director
About Mundoro Capital Inc.
Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our target areas are the Tethyan Belt in Southeastern Europe and the Meso Central Belt in Northwestern Mexico, both of which are prolific mineral belts with strong exploration and development potential. Mundoro has methodically acquired a district-scale land position in both mineral belts which host significant Au-Cu porphyry deposits and related Au-Cu epithermal deposits. The Company maintains an interest in the Maoling Gold Project which is a pre-feasibility stage gold deposit located in Liaoning Province, China. Our strong project pipeline is positioned to drive long-term, sustainable growth in order to attain production and shareholder return.
Caution Concerning Forward-Looking Statements
Information included, attached to or incorporated by reference into this News Release may contain forward looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Board 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" 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 the Board 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.
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