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$30,500 FINANCING CLOSED
Montoro Resources Inc. (TSX Venture Exchange – “MNQ”)
announces that further to the TSX Bulletin of March 1, 2004, the
Company is pleased to announce that it has closed its non-brokered
private placement in respect of 285,000 flow-through units and 20,00
non flow-through units, at a price of $0.10 per unit for total gross
proceeds of $30,500. Each unit will consist of one share plus one
share purchase warrant exercisable for two years at an exercise
price of $0.12 per share. After three months of the warrant issue
date it will take two warrants to purchase one additional common
share of the Company at a price of $0.12 per share until the expiration
of two years from the original issue date of the warrant. A finder’s
fee of $1,000 cash was paid on part of this financing.
The shares and warrants issued are subject to a hold period of
four months expiring July 2, 2004.
MONTORO RESOURCES INC. FEATURED ON RESOURCE WORLD
RADIO.
Montoro Resources Inc. and Gary Musil, President/CFO are featured
this week on Resource World Radio – show #15 and InsideGold.com.
Resource World Radio is the number one mining, oil & gas and
alternative energy internet radio program. Resource World Radio
is a product of Resource World Magazine Inc. They produce 26 shows
per year and interview nearly 100 companies, analysts and individuals
in these shows.
You can access this interview online through www.resourceworldradio.com,
and syndicated on Insidegold.com
or our website link at www.montororesources.com
Through our presence on the Resource World Radio, Montoro continues
its effort to increase the company’s exposure and distribute
information to the investment community.
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