TORONTO, ONTARIO--(Marketwired - July 18, 2013) - The Sheridan Platinum Group Limited (the "Sheridan Group") announces that it has subscribed, by way of a private placement (the "Private Placement"), for 1,550,000 common shares of Mundoro Capital Inc. ("Mundoro") at a price of $0.28 per common share for an aggregate amount of $434,000.
The common shares purchased by the Sheridan Group pursuant to the Private Placement represent approximately 3.6% of the currently issued and outstanding common shares of Mundoro. The common shares purchased by the Sheridan Group were issued from Mundoro's treasury.
Prior to the Private Placement, the Sheridan Group held 4,147,000 common shares of Mundoro. After giving effect to the Private Placement, the Sheridan Group has ownership and control over an aggregate of 5,697,000 common shares of Mundoro, representing approximately 13.1% of its currently issued and outstanding common shares.
The Sheridan Group participated in the Private Placement for investment purposes and may increase or reduce its investment in Mundoro according to market conditions or other relevant factors. A copy of the early warning report will be made available on SEDAR (www.sedar.com).
Contact Information:
14 Park Lane Circle
Toronto, Ontario M3B 1Z7