Consolidation Approval

Posted: July 31, 2017

July 31, 2017 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company") is pleased to announce that effective August 1, 2017 at market open, the Company will consolidate its common shares on the basis of one (1) new post-consolidated common share for every five (5) pre-consolidated common shares.  The Company's common shares will begin trading on a post consolidated basis on the TSX Venture Exchange on August 1, 2017.

As a result of the consolidation, the Company's outstanding 76,260,526 common shares were reduced to 15,252,105 common shares.  No fractional shares will be issued.  Any fractions of a share will be rounded to the nearest whole number of common shares.  The Company's name and trading symbol will remain unchanged.  The consolidation was approved by the directors of the Company on July 13, 2017 and accepted by the TSX Venture Exchange on July 31, 2017.

Registered shareholders will be required to exchange their share certificates representing pre-consolidation common shares for new share certificates representing post-consolidation common shares.  Registered shareholders will be sent a transmittal letter from the Company's transfer agent, Computershare Investor Services Inc., as soon as practicable after the effective date of the consolidation.  The letter of transmittal will contain instructions on how certificate(s) representing pre-consolidation shares may be surrendered to Computershare Investor Services Inc.  The transfer agent will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of post-consolidation common shares to which the shareholder is entitled.  Until surrendered, each certificate representing pre-consolidation common shares of the Company will be deemed for all purposes to represent the number of whole post-consolidation common shares to which the holder is entitled as a result of the consolidation.

It is the opinion of the Board of Directors of the Company the consolidation will facilitate new equity investment in the Company.

 

For more information on International Montoro Resources Inc., review the website at www.MontoroResources.com, contact Gary Musil at (604) 683-6648 or email: gmusil@montororesources.com.

 

ON BEHALF OF THE BOARD

 

“Gary Musil”

Gary Musil,

President and Director

 

Disclaimer for Forward-Looking Information:

 

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.  No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither 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.

Subscribe to our mailing list
* indicates required
() -
(###) ###-####
Recent News
Oct 17, 2018
Montoro Updates Duhamel - Adds Vanadium, Titanium & Chromium Claims Contiguous to Nickel, Copper, Cobalt Project - Quebec, Canada

Oct 04, 2018
Montoro Reprices Warrants

Sep 19, 2018
Montoro Receives Encouraging Final Results from Completed ZTEM Helicopter Survey Over Serpent River- Pecors (Ni-Cu-PGE), Elliot Lake-Ontario Property
Stock Quotes