MONTORO RECEIVES EXCHANGE ACCEPTANCE FOR LOAN BONUS SHARES AND
posted on
Jun 30, 2014 07:27PM
Exploring The Future of Green Resources in Canada
SHARES FOR DEBT
June 30, 2014 .
– International Montoro Resources Inc. (TSX.V: IMT), (the "Company" or "Montoro").
Bonus Shares for Loan Further to the TSX Venture Exchange acceptance for filing of May 30, 2014, the Company has issued 105,000 bonus shares relating to the $50,000 USD loan received. The 105,000 bonus shares issued at a deemed price of $0.05 per share are subject to a hold period from trading until October 3, 2014. Shares for Debt Further to the TSX Venture Exchange acceptance for filing of June 6, 2014, the Company has issued 1,700,000 shares at a deemed price of $0.05 per share to Belmont Resources Inc. (a related party) to extinguish $85,000 in liabilities owed to Belmont. The shares are subject to a hold period from trading until October 7, 2014. About International Montoro Resources Inc. Montoro is focused on advancing its 100% owned Serpent River - Elliot Lake, Northern Ontario,
Uranium/REE project & Pecors magnetic anomaly – potential Ni-Cu-PGE. The property comprises 10 mineral claims (115 units) approx. 1,840 ha.
Montoro has also acquired a 100% interest in 23 mineral claims prospective for
Rare Earth Elements , in 2 separate claim blocks covering 18,743 acres (7,585 ha) in the new Tacheeda Lake camp; and 3,330 acres (1,348 ha) Carbo area. Montoro also holds a 100% interest in 5,604 acres (2,268 ha, 5 claims – the Chuchinka property) contiguous to and adjoining the Wicheeda, a previously reported Rare Earth discovery, northeast of Prince George, B.C.
In addition the Company will continue the development with Belmont Resources Inc. (50/50) of its Crackingstone – 2,.427 acres (982 ha) and Orbit –27,450 acres (11,109 ha)
Uranium properties in the Uranium City District – Northern Saskatchewan.
For further information contact the Company at 604-683-6648. Also visit the Company website at www.MontoroResources.com and watch the Smartstox interview with President Gary Musil (www.smartstox.com/interviews/imt). ON BEHALF OF THE BOARD OF DIRECTORS " Gary Musil" Gary Musil, President CEO/Director Neither the 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. The statements used in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Companies forward-looking statements and expectations.