Vancouver, British Columbia--(Newsfile Corp. - January 25, 2021) - Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) (www.mundoro.com) ("Mundoro" or the "Company"), intends to undertake a private placement to raise gross proceeds of up to $3,000,000 through the issuance of up to 18,750,000 units ("Units") at $0.16 per Unit ("Offering"). Each Unit will be comprised of one common share of the Company and one-half of one share purchase warrant. Each whole share purchase warrant ("Warrant") is exercisable into one common share at a price of $0.30 per share for a period of 24 months following the closing of the Offering. In the event that the trading price of the Shares on the TSX Venture Exchange (the "TSXV") reaches $0.40 per Share over 15 consecutive trading days, the Company may, at its option, accelerate the Warrant Expiry Date by delivery of notice to the registered holders (an "Acceleration Notice") thereof and issuing a press release (a "Warrant Acceleration Press Release"), and, in such case, the Warrant Expiry Date shall be deemed to be 5:00 p.m. (Vancouver time) on the 30th day following the date of issuance of the Warrant Acceleration Press Release.