TSX Venture Exchange has accepted for filing a Mineral Property Acquisition Agreement dated September 23, 2020 between International Montoro Resources Inc. (the "Company"), Jason White, Jeff Wall, Nigel Lewis, Unity Resources Inc., Gary Lewis and Aubrey Budgell, collectively, (the "Vendors") whereby the Company acquiries a 100% interest in and to the Slip Gold Project and the Victoria Lake Gold Project located in central Newfoundland. Consideration is $30,000 cash, 500,0000 common shares and 500,000 common share purchase warrants. Each common share purchase warrant is exercisable into one common share for a two year period at a price of $0.12. The Vendors retain a 2% Net Smelter Return Royalty ("NSR") half of which, or 1%, may be repurchased for $1,000,000 cash.
For further information, refer to the Company's news release dated September 23, 2020.