Mindoro Raises CDN$4 Million to Advance Agata Nickel Project

- July 23rd, 2010

Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) today announced that pursuant to the second and final closing of a private placement announced June 6, 2010, it has received gross proceeds of approximately CDN$2.7 million from the sale of 13,165,593 units.

Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) today announced that pursuant to the second and final closing of a private placement announced June 6, 2010, it has received gross proceeds of approximately CDN$2.7 million from the sale of 13,165,593 units.

The press release is quoted as saying:

Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). Mindoro is focused on exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro controls major nickel laterite resources in the Surigao District, Mindanao, where potential for a direct shipping ore (DSO) operation to generate early cash flow is being advanced as well as large scale potential for an onsite processing plant.

Click here to access the entire press release

Click here to access Mindoro Resources Corporate Site

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