Mondial Ventures, Inc. (OTCPK:MNVN) announced a private placement of 4,000,000 common shares at $0.25 per share to new investor, a European based private equity group for gross proceeds of $1,000,000 on April 5, 2013. The company will also provide an option for another $1,000,000 to the same group at 20% discount to market based on the last five days closing price. The transaction will take place in tranches.

On August 15, 2013, Mondial Ventures, Inc. cancelled the transaction.