VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2012) - Mundoro Capital Inc. (TSX VENTURE:MUN) ("Mundoro" or the "Company") announced today that the Supreme Court of British Columbia has dismissed the application brought by dissident shareholder Northern Minerals Investment Corp. ("NMI") to prevent Mundoro from postponing its annual general meeting of shareholders (the "Meeting") and from changing the record date for the Meeting.
In light of the Court's decision, the Meeting will be held on August 27, 2012, with a record date of July 27, 2012. The Court's decision with respect to the relief sought by NMI regarding the Company's Advance Notice Policy will be provided by the Court in due course.
"The Company is very pleased with the Court's decision and believes this to be in the best interests of the Company and all of our shareholders," said John J. Hoey, Chairman of the Board. "As a matter of good governance, your Board will continue to be committed to facilitating an orderly and efficient Meeting and allowing shareholders to make an informed vote at the Meeting."
Further details on the Meeting will be contained in a Notice of Meeting and Management Information Circular that will be mailed to shareholders of the Company and filed on SEDAR in the coming weeks.
On behalf of the Company,
Teo Dechev, Chief Executive Officer, President and Director
About Mundoro Capital Inc.
Mundoro is a Canadian based company which operates as a mineral acquisition, exploration, development and investment company. The Company's target exploration areas are the Tethyan belt in South Eastern Europe and the Mesa Central Belt in Mexico, both of which are mineral belts the Company believes have strong exploration potential. The Company maintains an interest in the Maoling Gold Project through its 5% interest in Mundoro Mining Inc.
Caution Concerning Forward-Looking Statements
Investors are encouraged to review 'Risk Factors' as outlined in the Company's disclosure documents and other regulatory filings, available 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.
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.
Contact Information:
+1-604-669-8055
+1-604-669-8056 (FAX)
info@mundoro.com
www.mundoro.com