Received by email:
File: IMT.NR.Jan. 5.18 Closes NFT Financing for $195,000.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
INTERNATIONAL MONTORO CLOSES FURTHER FINANCING FOR TOTAL OF $195,000 TO CONTINUE EXPLORATION ON ITS PECORS NI-CU-PGE
---> DISCOVERY AND WORKING CAPITAL
January 5, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company") announces it has closed its non-fl
--->ow through financing and will now issue 3,900,000 units (the "Units") at a price of $0.05 per Unit. Each Unit will co
--->nsist of one common share of the Company and one transferable share purchase warrant (a "Warrant"). Each whole warran
--->t will permit the holder to acquire one additional share of the Company at a price of $0.10 for a period of two (2) ye
--->ars from closing. The securities will be issued having a hold period expiring May 6, 2018.
In addition to relying upon other available prospectus exemptions to effect the private placement, a portion of the pr
--->ivate placement is being completed in accordance with the exemption set out in BC Instrument 45-536 (Exemption from pr
--->ospectus requirement for certain distributions through an investment dealer), (the "Investment Dealer Exemption"). Th
--->e Company also confirms there is no material fact or material change related to the Company which has not been general
--->ly disclosed.
The Company has agreed to pay a finder's fee to Haywood Securities Inc. of 8% cash or $1,600 plus the issuance of 32,0
--->00 warrants and fees to PI Financial Corp. of 8% cash or $4,000 plus 80,000 warrants.
The Company intends to use the net proceeds from the private placement for continued exploration on the Serpent River
--->property in particular the Pecors Ni-Cu-PGE discovery; reducing current liabilities and working capital. Further deta
--->ils of the use of proceeds were detailed in our December 20, 2017 news release, and the additional $25,000 oversubscri
--->ption has been added to unallocated working capital.
About International Montoro Resources Inc.
Montoro is focused 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 fr
--->om previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims
--->(115 units), or approximately 1,840 ha
In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and O
--->rbit (11,109 ha, 27,450 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,
---> 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.Jan. 5.18 Closes NFT Financing for $195,000.pdf
#600 -625 Howe Street Website: www.M
--->ontoroResources.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
INTERNATIONAL MONTORO CLOSES FURTHER FINANCING FOR TOTAL OF
$195,000 TO CONTINUE EXPLORATION ON ITS PECORS NI-CU-PGE DISCOVERY
AND WORKING CAPITAL
January 5, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company") announces it has
closed its non-flow through financing and will now issue 3,900,000 units (the "Units") at a price of $0.05 per Unit.
Each Unit will consist of one common share of the Company and one transferable share purchase warrant (a
"Warrant"). Each whole warrant will permit the holder to acquire one additional share of the Company at a price of
$0.10 for a period of two (2) years from closing. The securities will be issued having a hold period expiring May 6,
2018.
In addition to relying upon other available prospectus exemptions to effect the private placement, a portion of the
private placement is being 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 has agreed to pay a finder's fee to Haywood Securities Inc. of 8% cash or $1,600 plus the issuance of
32,000 warrants and fees to PI Financial Corp. of 8% cash or $4,000 plus 80,000 warrants.
The Company intends to use the net proceeds from the private placement for continued exploration on the Serpent
River property in particular the Pecors Ni-Cu-PGE discovery; reducing current liabilities and working capital.
Further details of the use of proceeds were detailed in our December 20, 2017 news release, and the additional
$25,000 oversubscription has been added to unallocated working capital.
About International Montoro Resources Inc.
Montoro is focused 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
In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres)
and Orbit (11,109 ha, 27,450 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, plans, expectations or intentions regardin
--->g 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 benef
--->its the Company will obtain from them. These
forward-looking statements reflect management's current views and are based on certain expectations, estimates and ass
--->umptions 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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