International Montoro Resources Inc. (“IMT”), has arranged a non-brokered private placement financing for $4,100. in working capital. The units being sold are as follows:
102,500 units at $0.04 per unit. Each unit will consist of one common share and one non-transferable common share purchase warrant. One warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of one year at a price of $0.06 per share. Thereafter in the second year, two warrants will be required by the holder thereof to purchase one additional common share at a price of $0.12 per share and in the third year at a price of $0.20 per share.
The private placement is subject to the approval of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
“Gary Musil”
Gary Musil, President
CEO/Director
International Montoro Resources Inc.
The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.