Mundoro Capital Inc.

Mundoro Capital Inc.

June 05, 2012 09:12 ET

Mundoro Urges Shareholders to Vote for Resolutions for AGM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2012) - Mundoro Capital Inc. (TSX VENTURE:MUN) ("Mundoro" or the "Company") announces the Annual General Meeting of Shareholders ("AGM") on June 26, 2012 at 11:00 AM at the Company's corporate office, Suite #1401 - 1030 West Georgia Street, Vancouver.

The Management Information Circular, outlining the meeting resolutions and Director nominees, has been filed on SEDAR at Material has been mailed to all shareholders of record as of May 22, 2012, and is available through the Company's website


For the 2012 Annual General Meeting, shareholders are asked to vote on three resolutions:

  1. Receive the audited consolidated financial statements of the Corporation for the year ended December 31, 2011;
  2. Elect the directors for the Company until the next AGM; and
  3. Reappoint the auditors and authorize the directors to fix Auditor's remuneration.


Your vote is important - regardless of the number of shares you own, your vote counts! To ensure that your vote is counted, please take the time to vote before the proxy vote cut-off on June 22, 2012 at 11:00 am Vancouver Time.

If you have not yet voted or have questions, please contact the proxy solicitation agent, Laurel Hill Advisory Group, by:

  • Email: or
  • Telephone (toll free within Canada or the U.S.): 1-877-304-0211
  • Telephone (for collect calls outside Canada and the U.S.): 1-416-304-0211


Mundoro encourages our shareholders to vote. The board and management are committed to enhancing shareholder value by exploring and developing gold resources into reserves with the goal to build a profitable operating company in the future. To do so, we have acquired favorable mineral properties in the prospective mineral region of the Timok Magmatic Complex in South Eastern Europe and the Mesa Central Belt in north central Mexico. Reconnaissance exploration programs are underway in each of the two mineral regions with additional progress results expected in Q3/2012.

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. Maoling is a pre-feasibility stage gold deposit located in Liaoning Province, China and has a gold resource with 4.8 million gold ounces (161 million tonnes at 0.92 g/t gold) in the Measured and Indicated category and an additional 4.4 million gold ounces (158 million tonnes at 0.9 g/t gold) in the Inferred category.

Caution Concerning Technical Information

For the Maoling Gold Project, the Pre-Feasibility Study("PFS") 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 PFS reflects various technical and economic conditions at the time of writing that can change significantly over relatively short periods of time. Reserves quoted were 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. The Zone 4 Resource Estimate (2001) was prepared by AMEC Americas and is reviewed in a technical report prepared by Peter Lewis, Ph.D., P.Geo.

For the Cuencame Property, the Technical Report was prepared by Alain-Jean Beauregard, P. Geol., FGAC, AEMQ, an 'Independent Qualified Person' as defined by National Instrument 43-101, and an employee of Geologica GroupeConseil Inc., who consented to the filing of the Technical Report prepared for Mundoro Capital Inc. titled "NI 43-101 Technical Evaluation Report on the Cuencame Concessions", dated September 20, 2011 with the securities regulatory authorities.

NI43-101 compliant technical reports for the pre-feasibility study and all reserve and resource estimates have been filed on the SEDAR website at

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

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