Mundoro Provides Operational Update and Signs Definitive Option Agreement with Vale for Two Additional Exploration Areas in Timok, Serbia
b'Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) ( www.mundoro.com ) ("Mundoro" or the "Company") is pleased to announce the Company and Vale Canada Inc. ("Vale") have executed a definitive option agreement for the two additional exploration areas in Timok, Serbia.
- b'Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) ( www.mundoro.com ) ("Mundoro" or the "Company") is pleased to announce the Company and Vale Canada Inc. ("Vale") have executed a definitive option agreement for the two additional exploration areas in Timok, Serbia.
- This second agreement with Vale expands our working relationship for two additional exploration areas in Timok, Serbia.
- Historical data collection is underway with an exploration program planned for Q3-2021.\nMundoro signed definitive Option Agreement with Vale for two additional exploration areas in Timok, Serbia: Mundoro has completed and entered into an option agreement ("Option Agreement") with Vale Canada Limited ("Vale"), in which Mundoro has granted to Vale an option on two exploration licenses ("Option Projects") in Timok, Serbia.
- Mundoro entered into a Memorandum of Understanding ("MOU") with Vale in October 2020 for these two additional exploration licenses in Serbia - see press release dated October 22, 2020 .