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Jun 14, 2010
IFC Posts Summary of Proposed Investment
Mindoro was pleased to announce on June 8, 2010, that the company has arranged for a potential investment by the IFC, a member of the World Bank Group, as part of a larger $5,200,000 private placement (read the full release here).
The IFC has posted for public viewing a Summary of Proposed Investment (SPI) on its website. To follow is an excerpt from the Development Impact page of the SPI:
Click here to view the full text of the SPI.
The potential investment by the IFC is subject to final documentation, approval of the board of directors of IFC following a 30 day disclosure period, and regulatory approval.
For further information, please contact us at one of the numbers provided below.
President and CEO
The reader is cautioned that mineral resources which are not mineral reserves do not have demonstrated economic viability. Further, the potential quantity and grade of the exploration target described above is conceptual in nature. It is uncertain if further exploration will result in the targets delineating additional mineral resources or that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. Until a feasibility study has been completed there is no certainty that the company's projections will be economically viable.
For further information, contact:
Mindoro Head Office
Penny Gould, VP Investor Relations
Tel: 780.413.8189 or
Toll Free: 1.877.413.8187
Investor Relations -- Canada
Senergy Communications Inc.
Investor Relations - Europe
You can view the Next Press Releases item: Tue Jun 22, 2010, Results of Mindoro Annual General Meeting
You can view the Previous Press Releases item: Tue Jun 8, 2010, Mindoro Announces Proposed IFC Investment
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