Mundoro Announces Closing of Private PlacementSept. 8, 2016- raising $1,000,000 by the issuance of 8,333,333 units at $0.12 per unit.
Offering was oversubscribed. net proceeds of the Offering for the exploration of Mundoro's 100% owned (i) four South Timok Projects in Serbia. finder's fee of 5% cash to Sprott Global Resource Investments, Ltd., for a total fee of $45,000.
June 2016 the commencement of a drilling program, which is fully funded by Mundoro's joint venture partner JOGMEC, on two of the JOGMEC optioned properties: Dubrava and Zeleznik. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/535-tsx-venture/mun/24358-mundoro-announces-closing-of-private-placement.html
sure would be nice to have a partner....."but at what cost"