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.