Mundoro Announces Strategic Investment by Centerra Gold
Key Highlights
- ➤Centerra to buy 12.374 million Mundoro shares at C$0.33 each
- ➤Private placement will raise approximately C$4.08 million for Mundoro
- ➤Centerra will own 9.9% of Mundoro after the expected November 27 closing
- ➤Mundoro regained Central Timok and Borsko licenses with five drill-ready targets
- ➤BHP options continue over Mundoro’s Trstenik and South Timok programs
Expert Statements
Teo Dechev, Chief Executive Officer, President and Director of Mundoro
“ON BEHALF OF THE BOARD OF DIRECTORS OF MUNDORO”
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2026) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce that it has entered into a subscription agreement (the "Subscription Agreement") and an investor rights agreement (the "IRA", and together with the Subscription Agreement, the "Strategic Investment Agreements") dated November 5, 2026 with Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) ("Centerra"), under which Centerra (or an affiliate of Centerra) will make an equity investment in Mundoro by way of a private placement (the "Private Placement"). On closing, Centerra, directly or indirectly, will hold 9.9% of Mundoro's issued and outstanding common shares.
Private Placement * Shares and price: 12,374,000 common shares of Mundoro at C$0.33 per share * Gross proceeds: approximately C$4.08 million * Ownership: Centerra will hold 9.9% of Mundoro's issued and outstanding common shares on closing * Expected closing: on or about November 27, 2026, subject to the satisfaction of closing conditions, including receipt of all required corporate and regulatory approvals and acceptance of the TSX Venture Exchange (the "TSXV") * Hold period: four months and one day from the closing date * Use of proceeds: Exploration on the Company's non-partnered projects and general working capital Completion of the Private Placement is subject to customary closing conditions, including the receipt of all necessary corporate and regulatory approvals, including acceptance of the TSXV. There can be no assurance that the Private Placement will be completed on the terms described, on the anticipated timeline, or at all. No finder's fees or commissions are payable in connection with the Private Placement. Following closing, Centerra will not be an Insider or Control Person of Mundoro, as those terms are defined in TSXV policies.
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