Medoro Announces Financial Advisory Agreement

Medoro Resources Announces Financial Advisory Agreement and Fee

 

    TORONTO, Nov. 25 /CNW/ - Medoro Resources Ltd. (TSX-V/AIM: MRL) announced

today that it has agreed to issue to Endeavour Financial Ltd. 1.0 million

shares for financial advisory services rendered with respect to the recent

disposition of Gold Mines of Sardinia Pty Ltd. to Sargold Resource

Corporation. The issuance of the shares is subject to regulatory approval and,

when issued, will be subject to a four-month hold period during which they

cannot be traded.

    The shares issuable to Endeavour are pursuant to a Financial Advisory

Services Agreement dated April 1, 2004 between the company and Endeavour under

which Endeavour provides the company with advice and assistance with regard to

corporate transactions, particularly with respect to financings, acquisitions,

dispositions and similar transactions.

 

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT

    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE

 

 

      For further information: Peter Volk, Assistant Secretary, [phone]

info(at)medororesources.com

    (MRL.)