Mondial Ventures, Inc. Announces Update On Its Corporate Status and Intent to Become Current in Its OTC Listing

Rhea-AI Summary

Mondial Ventures Inc. (OTC PINK: MNVN) is updating its corporate filings to become OTC compliant and retain a Pink Sheet current listing. The initiative is part of a strategy to revitalize the company, which has historically focused on oil and gas production. The company aims to raise up to $1 million through Form 506(B) Regulation D, with $100,000 already secured. The funds will be allocated to updating infrastructure, enhancing its corporate website and social media presence, and supporting general administrative operations.

Positive

• Plans to update corporate filings for OTC compliance.
• Raising up to $1 million to revamp operations.
• Initial $100,000 received towards funding.

Negative

• Company has been dormant, raising concerns about its operational stability.

SCOTTSDALE, Ariz., May 20, 2021 /PRNewswire/ -- Mondial Ventures Inc. (OTC PINK: MNVN) (the "Company") is pleased to announce its current plans to update its corporate filings on the OTCIQ system, become OTC compliant, and retain a Pink Sheet current listing in order to create a successful path towards revamping its corporate directive.

Mondial Ventures Inc. has historically been an oil and gas production company focused on the recovery and development of oil and natural gas. Recently, several opportunities have presented themselves prompting management to proactively bring the Company out of its dormant status in order to exploit these various opportunities.

Additionally, the Company has recently filed a Form 506(B) Regulation D with the Securities Exchange Commission to raise up to $1,000,000 dollars with $100,000 already received in subscription agreement(s) utilizing authorized restricted shares at the current market price. Proceeds shall be used to bring the Company current, revamp its infrastructure, corporate website, social media presence, and provide general working capital to administrative operations.

Please see the Company's latest 8-K filing:

https://fintel.io/sfs/us/mnvn

About Mondial Ventures Inc.

Mondial Ventures, Inc. is historically engaged in the acquisition of Oil and Gas properties and assets that can be developed into revenue producing assets. The Company has put an emphasis on acquiring existing Oil fields with proven reserves or by the rehabilitation of oilfields with potentially high throughput. However, reserve the right to look at all business prospects and opportunities that may bring existing operating assets and revenues streams to the Company.

Safe Harbor

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Mondial Ventures Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Mondial Ventures Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Mondial Ventures Inc.'s filings with OTC Markets and the Securities and Exchange Commission.

Public Relations and Shareholder Information

Infinity Global Consulting Group, Inc.
Joseph M. Vazquez III 
Tel: (888) 288-2320
Email: infinityglobalconsulting@gmail.com

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SOURCE Mondial Ventures Inc.

FAQ

What is the latest news from Mondial Ventures Inc. (MNVN)?

Mondial Ventures Inc. is updating its corporate filings to become OTC compliant and announced plans to raise up to $1 million.

How much funding is Mondial Ventures Inc. (MNVN) looking to raise?

The company aims to raise up to $1 million through a Regulation D filing with $100,000 already secured.

What will Mondial Ventures Inc. (MNVN) use the raised funds for?

Funds will be used to update corporate infrastructure, improve online presence, and support operational activities.

When did Mondial Ventures Inc. (MNVN) release their corporate update?

The corporate update was announced on May 20, 2021.

What is the current status of Mondial Ventures Inc. (MNVN) stock?

Mondial Ventures Inc. is working to maintain its Pink Sheet listing after being dormant.