Socobal Corporation

May 01, 2007 16:16 ET

Socobal Corporation Issues Early Warning Report re: Medoro Resources Ltd. (TSX VENTURE:MRS)


TORONTO, ONTARIO--(CCNMatthews - May 1, 2007) - Jorge Neher of Centro San Ignacio, Torre Copernico, piso 8, Ave. Blandin, La Castellana, Caracas 1060, Venezuela announces that he has acquired ownership of 6,056,000 common shares of Medoro Resources Ltd. ("Medoro"). As a result of the purchase, Mr. Neher beneficially owns an aggregate of 6,056,000 common shares of Medoro, representing approximately 12.4% of all issued and outstanding common shares of Medoro.

The foregoing transaction was effected pursuant to an asset acquisition agreement between Medoro and Socobal Corporation, a company controlled by Mr. Neher. Mr. Neher acquired the 6,056,000 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 Socobal with the various securities commissions, please contact:

Jorge Neher

Tel:+ 58 212 276 0005
Fax:+ 58 212 276 0011

Contact Information

  • Socobal Corporation
    Jorge Neher
    + 58 212 276 0005
    + 58 212 276 0011 (FAX)