International Montoro Resources Announces Non-brokered Private Placement of up to $560,000

International Montoro Resources Inc. (TSXV:IMT,FWB:O4T) announced a non-brokered private placement of up to $560,000 consisting of 8 million units at a purchase price of $0.07 per Unit.

As quoted in the press release:

Each Unit will consist of one common share (“Common Share”) of Montoro and one 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 from the closing date of the Private Placement and at $0.14 in the second year from closing.

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