Subscribe for Updates:
Enter your email below to receive email updates
Nov 05, 2004
Private Placement Closes
EDMONTON, AB; November 5, 2004 -- Mindoro Resources Ltd. (TSX-V: MIO; Frankfurt: OLM) reports that the TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement, previously announced on October 28, 2004.
Number of Shares: 1,102,200 common shares (increased from 620,000 previously announced on October 28, 2004)
Purchase Price: $0.225 per share
Warrants: 1,102,200 share purchase warrants to purchase 1,102,200 shares
Warrant Exercise Price: $0.30 for a two-year period
Insider Participation: 464,978 shares (42%)
The shares are subject to a four month hold period. Proceeds from the placement will be used for general working capital.
Mindoro is a Tier One Company trading on the TSX Venture Exchange (TSX-V: MIO) and the Frankfurt Stock Exchange (OLM). 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 since 1996 and is presently focused on six promising projects in politically stable jurisdictions of the Philippines.
For further information, contact:
Penny Gould, Executive Vice President
Phone: (780) 413-8187
Fax: (780) 426-2716
Marshall Farris, Ascenta Capital Partners Inc.
Phone: (604) 628-5800
Toll Free: 1-866-684-4209
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
You can view the Next Press Releases item: Mon Nov 8, 2004, New Ore Shoot Discovered at Lobo Project
You can view the Previous Press Releases item: Thu Oct 28, 2004, Private Placement
You can return to the main Press Releases page, or press the Back button on your browser.