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Message: INTERNATIONAL MONTORO RESOURCES INC. ("IMT")BULLETIN TYPE: Private Placement-Non-Broker... DATE: October 11, 2017TSX Venture Tier 2 Company

INTERNATIONAL MONTORO RESOURCES INC. ("IMT")BULLETIN TYPE: Private Placement-Non-Broker... DATE: October 11, 2017TSX Venture Tier 2 Company

posted on Oct 11, 2017 07:39PM

 

TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a Non-Brokered Private Placement announced September 20, 2017:

    Number of Shares:             2,650,000 shares


    Purchase Price:                           $0.05 per share


    Warrants:                      2,650,000 share purchase
                                   warrants to purchase
                                   2,650,000 shares


    Warrant Exercise Price:       $0.10 for a two year period


    Number of Placees:            12 Placees

Insider / Pro Group Participation:

    Name                Insider=Y / # of Shares
                        ProGroup=P

    Gary Musil          Y                       400,000

    Aggregate Pro Group
     Involvement        P                       200,000

                        [1 Placee]

    Finder's Fee:                        Haywood Securities, Inc. -
                                         $3,200 cash and 78,000
                                         Broker's Warrants exercisable
                                         for a period of two years at
                                         a price of $0.10 per share

                                        Mackie Research Capital
                                         Corporation - 14,000 Broker's
                                         Warrants exercisable for a
                                         period of two years at a
                                         price of $0.10 per share

Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issue a news release dated October 10, 2017 announcing the closing of the first tranche of the private placement and setting out the expiry dates of the hold period(s). Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

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