The TSX Venture Exchange has accepted for filing a mineral property acquisition agreement dated Sept. 23, 2020, between International Montoro Resources Inc., Jason White, Jeff Wall, Nigel Lewis, Unity Resources Inc., Gary Lewis and Aubrey Budgell, whereby the company has acquired a 100-per-cent interest in and to the Slip gold project and the Victoria Lake gold project, located in central Newfoundland. Consideration is $30,000 cash, 500,0000 common shares and 500,000 common share purchase warrants. Each common share purchase warrant is exercisable into one common share for a two-year period at a price of 12 cents. The vendors retain a 2-per-cent net smelter return royalty (NSR), half of which, or 1 per cent, may be repurchased for $1-million cash.
For further information, refer to the company's news release dated Sept. 23, 2020.
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