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Int'l Montoro arranges $600,000 private placement

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antman   Tuesday, 08/19/14 04:03:08 PM
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Int'l Montoro arranges $600,000 private placement


2014-07-25 15:19 ET - News Release


Mr. Gary Musil reports

MONTORO ARRANGES FLOW-THROUGH PRIVATE PLACEMENT TO RAISE $600,000

International Montoro Resources Inc. is arranging a non-brokered flow-through private placement to raise up to $600,000.

The company will be issuing five million units at 12 cents per unit. Each unit will consist of one flow-through common share and a one-year transferable (non-flow-through) share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share of the company for a period of one year at a price of 18 cents per share.

The company will pay a finder's fee of up to 7.5 per cent in cash or warrants. The financing will be subject to TSX Venture Exchange acceptance.

The financing will be used to continue exploration and drilling on its Pecors anomaly at its Serpent River property near Elliot Lake, Ont., and other mineral properties as required.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd. All rights reserved.


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