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SHARE CONSOLIDATION AND NAME CHANGE
Montoro Resources Inc. (the “Company”) wishes to announce
that at its upcoming Annual General Meeting of shareholders on February
28, 2005 it will be seeking the consent of shareholders to a consolidation
of its share capital on a ten for one, or alternatively a five for
one basis and a change of its name to International Montoro Resources
Inc., or such other name as the Board of Directors may approve.
The Company will also be seeking the consent of shareholders to
change the authorized capital to an unlimited number of common shares
without par value.
The share consolidation is being proposed in order to allow the
Company greater flexibility in future financings.
The share consolidation and change of name are subject to shareholders’
approval and being accepted for filing by the TSX Venture Exchange.
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