International Montoro Receives Approval for Loan Bonus Shares and Shares for Debt

International Montoro Resources Inc. (TSXV:IMT) announced that the TSX Venture Exchange has accepted the issuance of bonus shares and shares for debt.

As quoted in the press release:

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.

Click here to read the International Montoro Resources (TSXV:IMT) press release