VANCOUVER, Jan. 19, 2015 /CNW/ - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") announces the Board of Directors has, as part of the Company's annual compensation review, and pursuant to the Company's stock option plan, granted 522,500 incentive stock options exercisable at $0.21 per share for a period of five years to 4 independent directors, 1 officer, and 2 consultants of the Company. The options are subject to vesting such that 1/3rd of the options shall vest at time of grant, 1/3rd of the options shall vest 12 months from the date of grant and 1/3rd of the options shall vest 24 months from the date of grant. The Company held salaries flat in 2014 and paid no cash bonuses in 2014. The last option grant the Company made was in December 2013. The Company will have after this January 2015 grant, a total of 3,375,000 options outstanding which represents 7.77% of the shares outstanding.
On behalf of the Company,
Teo Dechev, Chief Executive Officer, President and Director
About Mundoro Capital Inc.
Mundoro is a Canadian based company with the mandate to generate value for its shareholders through the acquisition, exploration, development and investment of mineral projects. Mundoro has methodically acquired and is now exploring a district-scale land position on the prolific Tethyan mineral belt which hosts significant Gold-Copper deposits. Our strong project pipeline in Serbia and Bulgaria, as well as our mineral interests in China and Mexico, is positioned to drive long-term growth to attain production related and shareholder return.
Caution Concerning Forward-Looking Statements
Information included, attached to or incorporated by reference into this News Release may contain forward-looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Board expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com.
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.
SOURCE Mundoro Capital Inc.
Please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.Copyright CNW Group 2015