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MONTORO CLOSES PRIVATE PLACEMENT
Montoro Resources Inc. (“MNQ”) has now closed the private
placement which was accepted by the TSX Venture Exchange as per
the January 27/03 Bulletin.
The non-brokered private placement was for 400,000 units at a price
of $0.10 per unit, each unit consisting of one common share and
one-share purchase warrant. Each warrant is exercisable for an additional
share in the capital of MNQ at $0.10 for one year and $0.15 per
share in the second year.
As MNQ has completed the filing of its Annual Information Form
(“AIF”), the shares, warrants and any shares issued
upon exercise of the warrants are subject to a hold period and may
not be traded in Canada until June 11, 2003, except as permitted
by the Securities Act and the rules made thereunder and the TSX
Venture Exchange.
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