Received by email:
File: IMT.NR Mar. 22 .19 -Int. Montoro closes further $100,000 PrivatePlacement Financing.final.docx
#600 -625 Howe Street Website: www.MontoroResources.com
Vancouver, B.C. V6C 2T6 E-Mail: gmusil@montororesources.com
Ph.#604-683-6648; Fax #604-683-1350
---> TSX.V: IMT
Frankfurt: O4T1
OTC: IMTFF
MONTORO COMPLETES A FURTHER 2.0 MILLION UNIT FINANCING -$100,000
March 22, 2019 - Vancouver, B.C. - International Montoro Resources Inc. (TSX-V: IMT) (the "Company").
Montoro announces that it intends to complete a further non-brokered private placement (the "Financing") for up to 2,0
--->00,000 non flow-through common share Units ("NFTS") at a price of $0.05 per NFTS to raise gross proceeds of up to $100
--->,000. Each NFTS Unit will consist of one common share of the Company and one two year transferable share purchase wa
--->rrant (a "Warrant") permitting the holder to acquire one additional share of the Company at $0.10.
In addition to relying upon other available prospectus exemptions to effect the Financing, a portion of the private pl
--->acement may be completed in accordance with the exemption set out in BC Instrument 45-536 (Exemption from prospectus r
--->equirement for certain distributions through an investment dealer), (the "Investment Dealer Exemption"). The Company
--->also confirms there is no material fact or material change related to the Company which has not been generally disclos
--->ed.
The Company may pay commissions of 8% to eligible parties in connection with this financing, payable either in cash an
--->d/or in warrants. The Common Shares and Warrants are subject to a statutory hold period and the Financing is subject
--->to TSX Venture Exchange ("TSXV") approval.
The Company intends to use the proceeds from the private placement for property payments, exploration on current acqui
--->sitions as well as previously held properties; and working capital.
About International Montoro Resources Inc.
In February 2019 Montoro entered into acquisition agreements with various vendors, to acquire claims in the Cariboo Mi
--->ning Division, British Columbia, with one claim block adjoining the well-known Wicheeda REE project.
Montoro will continue to focus on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magne
--->tic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has located Uranium/REE minera
--->lization from previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mine
--->ral claims (115 units), or approximately 1,840 ha.
In February 2018 Montoro received approval for the acquisition of the Duhamel, Quebec property. The Ni-Cu-Co prospect
---> consisted of nine (9) mineral claims comprising 500 ha. Additional staking of thirty-two (32) adjoining mineral clai
--->ms and compiling of data has been underway since February; and the expanded property now totals approximately 2,300 h
--->a and prospective for Titanium, Vanadium, and Chromium.
In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) Urani
--->um properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue
--->development of this advanced property.
ON BEHALF OF THE BOARD
"Gary Musil"
Gary Musil,
President/CEO and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forwar
--->d-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.
File: IMT.NR Mar. 22 .19 -Int. Montoro closes further $100,000 PrivatePlacement Financing.final.pdf
#600 -625 Howe Street Website: www.MontoroResources.com
Vancouver, B.C. V6C 2T6 E-Mail: gmusil@montororesources.com
Ph.#604-683-6648; Fax #604-683-1350 TSX.V: IMT
Frankfurt: O4T1
OTC: IMTFF
MONTORO COMPLETES A FURTHER 2.0 MILLION UNIT FINANCING -$100,000
March 22, 2019 -Vancouver, B.C. - International Montoro Resources Inc. (TSX-V: IMT) (the "Company").
Montoro announces that it intends to complete a further non-brokered private placement (the
"Financing") for up to 2,000,000 non flow-through common share Units ("NFTS") at a price of $0.05 per
NFTS to raise gross proceeds of up to $100,000. Each NFTS Unit will consist of one common share of the
Company and one two year transferable share purchase warrant (a "Warrant") permitting the holder to
acquire one additional share of the Company at $0.10.
In addition to relying upon other available prospectus exemptions to effect the Financing, a portion of
the private placement may be completed in accordance with the exemption set out in BC Instrument 45-
536 (Exemption from prospectus requirement for certain distributions through an investment dealer),
(the "Investment Dealer Exemption"). The Company also confirms there is no material fact or material
change related to the Company which has not been generally disclosed.
The Company may pay commissions of 8% to eligible parties in connection with this financing, payable
either in cash and/or in warrants. The Common Shares and Warrants are subject to a statutory hold
period and the Financing is subject to TSX Venture Exchange ("TSXV") approval.
The Company intends to use the proceeds from the private placement for property payments,
exploration on current acquisitions as well as previously held properties; and working capital.
About International Montoro Resources Inc.
(i) In February 2019 Montoro entered into acquisition agreements with various vendors, to acquire
claims in the Cariboo Mining Division, British Columbia, with one claim block adjoining the well-
known Wicheeda REE project.
(ii) Montoro will continue to focus on advancing its 100%-owned Serpent River - Elliot Lake, Northern
Ontario, Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of
the property has located Uranium/REE 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 ha.
(iii) In February 2018 Montoro received approval for the acquisition of the Duhamel, Quebec property.
The Ni-Cu-Co prospect consisted of nine (9) mineral claims comprising 500 ha. Additional staking of
thirty-two (32) adjoining mineral claims and compiling of data has been underway since February;
and the expanded property now totals approximately 2,300 ha and prospective for Titanium,
Vanadium, and Chromium.
(iv) In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha,
2,427 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking
a joint venture partner to continue development of this advanced property.
ON BEHALF OF THE BOARD
"Gary Musil"
Gary Musil,
President/CEO and Director
Disclaimer for Forward-Looking Information:
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forwar
--->d-
looking statements consist of statements that are not purely historical, including any statements regarding beliefs, p
--->lans,
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 th
--->e 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.
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