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UPDATE: Mundoro Consolidates Land Position Surrounding Bor Mine; Awarded New License; Shares Drop Late Morning

Mundoro Capital Inc. (MUN.V) through its wholly-owned subsidiary in the Republic of Serbia has been awarded a new license from the Serbian government directly adjacent to the Bor Mine. The Dubrava-Ostrelj license area is located both North and Southeast of the Bor Mine, with a portion of the license sitting in between the Bor Mine and Reservoir Minerals and Freeport Moran's Timok Project Joint Venture in Serbia.

Mundoro is down 8.83%, or 2.5 cents, to 25.5 cents late morning. This brings it nearer a yr low of 22.5 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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