Mundoro Capital Inc.
TSX : MUN

Mundoro Capital Inc.

June 29, 2009 16:26 ET

Mundoro Grants Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2009) - Mundoro Capital Inc. (the "Company") (TSX:MUN) announces that the Board of Directors has authorized the grant of 1,878,675 stock options under its 2009 Stock Option Plan (the "Option Plan") to directors, officers, employees and consultants ("Participants") at an exercise price of $0.57 per share. The stock options are granted to Participants in exchange for cancellation of their unvested Restricted Share Units under the Company's Restricted Share Unit Plan. The Company will cancel 1,787,335 unvested restricted share units which have an exercise price of $0.23 per unit. The grant of stock options in return for cancellation of restricted share units will minimize disbursements from the Company's cash reserves. The unvested stock options will have the same vesting terms as the unvested restricted share units and are subject to provisions in accordance with the Option Plan and the policies of the Toronto Stock Exchange.

About Mundoro Capital Inc.

Mundoro Capital Inc. is a Canadian based company which operates as a mineral exploration, development and investment company. The 100% ownership of Mundoro Mining, and its Maoling Gold Project ("Maoling"), remains the key asset of Mundoro Capital and the Company. Mundoro Capital will also evaluate and invest in other resource assets or companies in the natural resources field, which can create value for Mundoro Capital and its shareholders, using management's years of specialized experience in the capital markets focused on evaluating exploration and production assets, resource investment opportunities.

Investors are encouraged to review 'Risk Factors' associated with the Maoling project as outlined in the Company's prospectus documents and other regulatory filings, available on the SEDAR website at www.sedar.com.

The pre-feasibility described herein was prepared to broadly quantify the Maoling Zone 1 deposit's capital and operating cost parameters, and to further the development of the project. It was not prepared for use as a valuation of the deposits, nor should it be considered to be a final feasibility study. The information contained in the Study reflects various technical and economic conditions at the time of writing that can change significantly over relatively short periods of time. There can be no assurance that the potential results contained in the Study will be realized. The study was prepared by AMEC Americas Ltd. under the direction and oversight of Mr. Mark Pearson P.Eng. of Vancouver, BC, an 'Independent Qualified Person' as defined by National Instrument 43-101. Resource estimation for the Zone 1 area in 2006 was carried out in the Brisbane, Australia office of Golder Associates Pty Limited, an international earth sciences consulting group under the direction and oversight of Dr. Andrew Richmond, MAusIMM, an 'Independent Qualified Person' as defined by NI43-101. NI43-101 compliant technical reports for the pre-feasibility study and all reserve and resource estimates have been filed 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.

The TSX has neither approved nor disapproved of the information contained herein.

Contact Information

  • Mundoro Capital Inc.
    Robert van Doorn
    Chairman & CEO
    604-630-3593
    or
    Mundoro Capital Inc.
    Teo Dechev
    President & Director
    604-630-3591
    or
    Mundoro Capital Inc.
    Ben Chow
    Investor Relations Manager
    604-630-3587
    info@mundoro.com
    www.mundoro.com