Mr. Gary Musil reports
MONTORO CLOSES PRIVATE PLACEMENT OF $47,500
International Montoro Resources Inc. has closed its private placement for $47,500.
Further to the news release of June 11, 2019, and Aug. 15, 2019, the company has completed and closed the private placement for 950,000 units at a price of five cents per unit for gross proceeds of $47,500. No further subscriptions were received following the first tranche.
The securities have been issued having a hold period expiring Nov. 26, 2019. A finder's fee of $3,000 and 60,000 warrants was paid to Haywood Securities Inc.
The company intends to use the proceeds from the financing for working capital and exploration on properties.
We seek Safe Harbor.
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