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Aug 06, 2004 Private Placement Closes EDMONTON, AB; August 06, 2004 -- Mindoro Resources Ltd. (TSX-V: MIO) reports that the TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement, previously announced on June 21, 2004 and amended on July 28, 2004. Number of Shares: 831,112 common shares Purchase Price: $0.225 per share Warrants: 831,112 share purchase warrants to purchase 831,112 shares Warrant Exercise Price: $0.30 for a two-year period Insider Participation:James Climie: 44,488 shares The shares are subject to a four month hold period, expiring on December 6, 2004. Proceeds from the placement will be used for administrative and general working capital. ABOUT MINDORO Mindoro is a Tier One Company listed on the TSX Venture Exchange (TSX-V: MIO). The Company is exploring for gold and gold-copper in the prolifically mineralized magmatic arcs of the Asia-Pacific Region. Mindoro has been active in the Philippines for seven years and is presently focused on six promising projects in politically stable jurisdictions of the Philippines. For further information, contact: Head Office Penny Gould, Executive Vice President Phone: (780) 413-8187 Fax: (780) 426-2716 Email: penny@mindoro.com Website: http://www.mindoro.com Investor Relations Marshall Farris, Ascenta Capital Partners Inc. Phone: (604) 628-5800 Toll Free: 1-866-684-4209 Email: info@ascentacapital.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. | |
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