Mundial S.A. (BOVESPA:MNDL3) announced a private placement of common shares under a standby equity distribution agreement for gross proceeds of $50,000,000 on July 18, 2011. The company will issue its shares to new investor YA Global Investments BR LLC, a fund managed by Yorkville Advisors, LLC. Pursuant to the terms of the transaction, the investor has committed to subscribe for shares in tranches of up to $5,000,000 over a two year period, at the discretion of the company. The share price for each tranche will be the higher of 97% of the average of the three lowest daily volume weighted average prices during the period of 10 consecutive trading days immediately following the investor's receipt of an advance notice from the company; or the minimum price per share to be determined by the company for each tranche.

On April 26, 2012, the company announced that the board of directors approved the transaction. The company will issue 3,813,200 shares at BRL 0.37 ($0.19665) per share in the first tranche of the transaction for proceeds of BRL 1,410,884 ($749,852). The conversion was made through www.oanda.com as on April 26, 2012.

On July 18, 2013, Mundial S.A. (BOVESPA:MNDL3) cancelled the transaction.