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MONTORO AMENDS FINANCING NON FLOW-THROUGH AND WARRANT
PRICE
Further to our News Release of March 9, 2004 the Company wishes
to clarify the price of the private placement announcement. TSX
Venture Exchange policy allows the following:
1) The unit subscription purchase price must not be less than the
Discounted Market price at closing on the announcement date (i.e.
25% discount from $0.155 closing price on March 9/04 or $0.115)
2) The exercise price of the Warrant must not be less than the
closing market price of the shares before the issuance of the news
release (i.e. $0.155)
Therefore the prices are as follows:
1) The Flow-Through units at $0.12 per unit as previously announced.
Each unit consisting of one common share and one warrant. One warrant
will entitle the holder to purchase an additional common share of
the Company at a price of $0.155 for a period of two years –
not first year at $0.14, second year at $0.15.
2) The Non Flow-Through units at $0.115 not $0.11. Each unit consisting
of one common share and one warrant. One warrant will entitle the
holder to purchase an additional common share of the Company at
a price of $0.155 for a period of two years – not at $0.12
the first year and $0.13 the second year.
The Company apologizes for any misunderstanding this may have caused.
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