Received by email:
File: IMT.NR July 20.18 - Arranges Demand Loan for $35,000.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
INT. MONTORO RESOURCES - ARRANGES DEMAND LOAN FOR $35,000
July 20, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company") has arranged a demand loan for $35,0
--->00 from a non-related party.
The proceeds of the loan are to be used for exploration expenditures relating to the Serpent River, Pecors survey.
The loan bears interest at 1.5% per month. In consideration for the loan, the Company has also agreed to issue 140,00
--->0 bonus common shares, at a deemed price of $0.05 per share. The loan and issuance of bonus shares are subject to reg
--->ulatory approval, and the shares issuable pursuant to the agreement will be subject to a four month +1 day hold period
---> from the date issued.
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 fro
--->m 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 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 and compiling of data has been underway s
--->ince February, and an updated report of these findings is forthcoming.
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 July 20.18 - Arranges Demand Loan for $35,000.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
INT. MONTORO RESOURCES ARRANGES DEMAND LOAN FOR $35,000
July 20, 2018 - International Montoro Resources Inc. (TSX-V: IMT) (the "Company") has arranged a
demand loan for $35,000 from a non-related party.
The proceeds of the loan are to be used for exploration expenditures relating to the Serpent River,
Pecors survey.
The loan bears interest at 1.5% per month. In consideration for the loan, the Company has also
agreed to issue 140,000 bonus common shares, at a deemed price of $0.05 per share. The loan and
issuance of bonus shares are subject to regulatory approval, and the shares issuable pursuant to the
agreement will be subject to a four month +1 day hold period from the date issued.
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 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 and compiling of data has been
underway since February, and an updated report of these findings is forthcoming.
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, 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.
© 2024 Canjex Publishing Ltd. All rights reserved.