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Message: PP

Re: PP

in response to by
posted on Feb 20, 2009 10:47AM

Montello Resources Ltd (MEO)
Sector: Oil/Gas


Status Closed
Financing Type Flow through units
Gross Proceeds $12,250.00
Date Closed February 18, 2009
Units Issued 350,000
Price $0.040
Warrants 350,000
Exercise Price $0.050
Expiry Date 18/02/10
Region Alberta Tennessee
Agents Non-brokered
Commodity Oil/Gas
Attorneys Bruce Bragaganolo
Website http://www.montello.com/


Status Closed
Financing Type Special units
Gross Proceeds $188,750.00
Date Closed February 18, 2009
Units Issued 7,550,000
Price $0.030
Warrants 7,550,000
Exercise Price $0.050
Expiry Date 18/02/10
Region Tennessee Alberta
Agents Non-brokered
Commodity Oil/Gas
Attorneys Bruce Bragaganolo
Website http://www.montello.com/




i find this PP info encouraging....

however, here is the problem for a lot of current, former, and most importantly potential investors regarding this play.

The disconnect of timely notification. Apon completion of this PP there should relase official news.

The last four closings on Canadian financing since this PP closed have all released the news officially of there respective closings. it's not a big deal for me, however it would help to bring the news as it happens...If other oil & gas plays can .....why can't MEO.

they may be well within the rules, however perhaps a little more regard for the market, and shareholders would go a long away.

Here's to the positive


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