VANCOUVER, Dec. 22 /CNW/ - Mr. Hong Jun Lee announces that on August 14, 2009, he acquired shared control over an aggregate of 895,500 common shares of Mundoro, representing approximately 2.34% of the outstanding common shares of Mundoro. Prior to August 14, 2009, Mr. Lee beneficially owned 2,946,000 common shares of Mundoro, and accordingly in aggregate beneficially owned or exercised control or direction over 3,841,500 common shares, representing approximately 10% of the outstanding shares of Mundoro. On December 15, 2009, Mr. Lee terminated his shared control over 895,500 common shares, and now beneficially owns or exercises control or direction over less than 10% of the outstanding shares of Mundoro.
In connection with shared control of 895,500 common shares, Mr. Lee acted jointly with the Allen Lee Group. Mr. Lee does not act jointly or in concert with any person in connection with his current holdings of securities of Mundoro. Mr. Lee acquired ownership of shares of Mundoro for investment purposes. Mr. Lee may acquire or dispose of shares of Mundoro as circumstances warrant.
This issuance of the news release is not an admission that an entity named in the news release owns or controls any described securities or is a joint act with another named entity.
"Hong Jun Lee"
HONG JUN LEE
SOURCE HONG JUN LEE
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