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
Exploring The Future of Green Resources in Canada
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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