Mindoro Raises CDN$4 Million to Advance Agata Nickel Project

Nickel Investing

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.

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