20:16:12 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



International Montoro Resources Inc (2)
Symbol IMT
Shares Issued 20,057,105
Close 2018-01-05 C$ 0.07
Market Cap C$ 1,403,997
Recent Sedar Documents

International Montoro receives LEI number

2018-01-08 12:31 ET - News Release

Mr. Gary Musil reports

MONTORO ANNOUNCES LEI NUMBER & GRANTS INCENTIVE STOCK OPTIONS

International Montoro Resources Inc. has been assigned the legal entity identifier No. 529900IK4FY2BJ4Q3S30. The European Union has adopted regulations that require use of the LEI as a bar code equivalent aimed at pinpointing systemic risks.

About the legal entity identifier (LEI)

The legal entity identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (for example, companies, banks and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Borse Group has stated that, "the LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets, (but) it can also be utilized by counterparties internally for risk management purposes."

International Montoro Resources meets the requirements for all companies listed on German stock exchanges (in example, Frankfurt Stock Exchange) to have an LEI number by Jan. 3, 2018.

According to the website of the Deutsche Borse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data, and indices.

Stock option granting

The company has granted officers, directors and consultants a total of 2,005,000 incentive stock options for the purchase of up to 2,005,000 common shares of the company, pursuant to our stock option plan. Each option is exercisable for a period of three years at a price of six cents per common share.

About International Montoro Resources Inc.

Montoro is focused on advancing its 100-per-cent-owned Serpent River-Elliot Lake, Northern Ontario, Pecors magnetic anomaly -- a potential Ni-Cu-platinum group element discovery. The southwestern portion of the property has located uranium/REE (rare-earth-element) mineralization from previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims (115 units) or approximately 1,840 hectares.

We seek Safe Harbor.

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