MONTORO ANNOUNCES LEI NUMBER & GRANTS INCENTIVE STOCK OPTIONS
JANUARY 8, 2018 - International Montoro Resources Inc. (TSX-V: IMT), (Frankfurt: O4T1), (OTCBB: IMTFF) (the "Company"), is pleased to announce that it has been assigned the Legal Entity Identifier (“LEI”) number 529900IK4FY2BJ4Q3S30. The Company meets the requirements for all companies listed on German Stock Exchanges (ie. Frankfurt Stock Exchange) to have an LEI number by January 3, 2018.
About the Legal Identifier (LEI):
The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies, banks, and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Börse Group has stated that “the LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the financial markets, (but) it can also be utilized by counterparties internally for risk management purposes.”
The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pin pointing systemic risks.
According to the website of the Deutsche Börse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices. (See http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier)
Stock Option Granting:
The Company has granted Officers, directors and consultants a total of 2,005,000 incentive stock options for the purchase of up to 2,005,000 common shares of the Company, pursuant to our Stock Option Plan. Each option is exercisable for a period of three years at a price of $0.06 per common share.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has located Uranium/REE mineralization from previous drilling in the general area where Rio Algom discovered uranium. The property comprises 10 mineral claims (115 units), or approximately 1,840 ha
In addition the Company owns jointly with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property.
|
