Mr. Gary Musil reports
INT. MONTORO RESOURCES ARRANGES DEMAND LOAN OF $20,000
International Montoro Resources Inc. has arranged a demand loan for $20,000 from a non-related party.
The proceeds of the loan are to be used for working capital.
The loan bears interest at 1.5 per cent per month. In consideration for the loan, the company has also agreed to issue 80,000 bonus common shares at a deemed price of five cents 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-one-day hold period from the date issued.
About International Montoro Resources Inc.
International Montoro Resources, listed on the TSX Venture Exchange for over 25 years, is a Canadian-based emerging resource company.
We seek Safe Harbor.
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