International Montoro Resources Closes Second Tranche of Financing

International Montoro Resources (TSXV:IMT) announced the closing of the second tranche of its private placement, for the amount of $169,540.

As quoted in the press release:

The Company has issued 2,422,000 units for gross proceeds of $169,540. Each unit consists of one common share at a price of $0.07 and one two year transferable share purchase warrant (“Warrant”). Each whole Warrant will entitle the holder to acquire one Common share at an exercise price of $0.10 for a period of 12 months to April 10, 2016 and at $0.14 at any time after April 10, 2016 but on or before April 10, 2017. The Common Shares and Warrants are subject to a hold period expiring August 11, 2015. Finder’s fees of $378 and 5,400 warrants were paid as a result of this transaction. Combined with the balance of flow-through financing completed in December 2014, and the two tranches of the $0.07 unit financing the Company will be proceeding onto a second, approx. 1000 meter drill hole on its Serpent River-Pecors project.

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