15:47:23 EST Tue 07 Dec 2021
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International Montoro Resources Inc (2)
Symbol IMT
Shares Issued 64,512,105
Close 2021-01-19 C$ 0.075
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Int'l Montoro appoints Balderson as CFO

2021-01-19 13:07 ET - News Release

Mr. Karim Rayani reports

MONTORO APPOINTS, NEW CHIEF FINANCIAL OFFICER

International Montoro Resources Inc. has appointed Geoff Balderson as chief financial officer for the company. Mr. Balderson has over 20 years of capital markets experience having worked in both public and private practice. Mr. Balderson is currently a senior officer with Falcon Gold Corp., a director of several TSX Venture listed issuers, and is a principal of Harmony Corporate Ltd.; providing corporate advisory, accounting, filing and secretarial services to a multitude of publicly traded companies. Prior to his years in private business, Mr. Balderson was an investment adviser at both Union Securities and Georgia Pacific Securities, and is a University of British Columbia graduate in marketing and sales management.

Mr. Balderson replaces Fraser Rieche as chief financial officer, who will remain as a director for the ensuing year. Montoro has also accepted the resignation of one its directors, Brent Griffin. The company would like to thank him for his many years of service.

President and chief executive officer Karim Rayani stated: "I welcome Geoff to the International Montoro team and thank Brent for his service to the company. The company is making great progress as we continue to develop our new holdings and rebrand the company as an emerging gold- and PGE-focused issuer."

The company, in compliance with the company's stock option plan, has granted 1.3 million incentive stock options exercisable for up to two years at a price of 10 cents a unit to directors, officers and consultants of the company.

About International Montoro Resources Inc.

Montoro, listed on the TSX Venture Exchange for over 25 years, is a Canadian-based emerging resource company. The company is systematically exploring its extensive property positions in:

  • Exploits zone, Newfoundland (Slip and Victoria Lake -- gold prospects);
  • Atikokan, Ont. (BlackFly -- Au prospect);
  • Red Lake, Ont. (Camping Lake -- Au prospect);
  • Elliot Lake, Ont. (Serpent River/Pecors -- nickel-copper-platinum-group-elements discovery) and (uranium-rare-earth-elements);
  • Quebec (Duhamel nickel-copper-cobalt prospect and titanium, vanadium and chromium prospect); and
  • Prince George, B.C. (Wicheeda North -- rare earth elements prospect).

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