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Aug 20, 2004
TSX Venture Exchange Accepts Mindoro's Short Form Offering Document
BULLETIN TYPE: Short Form Offering Document-Accepted
BULLETIN DATE: August 20, 2004
TSX Venture Tier 1 Company

The Company's Short Form Offering Document dated August 13, 2004 has been filed with and accepted by TSX Venture Exchange.

Effective Date: August 20, 2004

Offering Expiry Date: 60 calendar days ending October 19, 2004

Agent: Northern Securities Inc.

Offering: Up to 8,888,888 units, each unit consisting of one common share and one non-transferable purchase warrant to acquire one additional common share.

Share Price: $0.225 per common share.

Warrant Exercise Price: $0.30 per common share if exercised within 24 months of the closing day.

Agent's Warrants: The Agent will receive non-transferable warrants equal to 10% of the total number of units sold, each warrant entitling the Agent to acquire one unit at a price of $0.225 per share for a period of two years. Price is already set.

Agent's Commission: The Agent will receive a cash commission equal to 9% of the aggregate gross proceeds realized under the Offering. The Agent will also receive a non-refundable work fee of $12,500 and 50,000 common shares which will be issued at a deemed price of $0.225 per share immediately upon closing of the Offering. The Agent will be compensated for reasonable fees, costs and expenses relating to the Offering.

Upon completion of the Offering, the Company will issue a news release confirming the number of shares issued and monies raised pursuant to this Offering.

For further information, refer to the Company's Short Form Offering Document dated August 13, 2004.

You can view the Next Press Releases item: Tue Aug 24, 2004, Trenching Results Extend Kay Tanda

You can view the Previous Press Releases item: Wed Aug 11, 2004, Mindoro Creates Advisory Board

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