I'm inI just bought a good position at .42 thanks to Cannacord. It looks like they may be excercising their .30 cent options. This is a great sign if they are.
NEWS RELEASE
August 2, 2006
INTERNATIONAL MONTORO CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT @ $0.25 PER UNIT
International Montoro Resources Inc.(“IMT”) announces further to the Company’s news releases of May 5/06 &June 20/06 and TSX Venture Exchange approval notice of July 21/06 it has now closed the first tranche of the non- brokered private placement. It comprises 472,600 units at a price of $0.25 per units for total proceeds of $118,150. Each unit is comprised of one common share and one two year share purchase warrant entitling the holders to acquire further shares until July 21,2007 at a price of $0.30 and if exercised after July 21, 2007 but on or before July 21,2008 at a price of $0.40. The Company paid finders fee of 10,000 units to Canaccord Capital Corp. and $3,880 cash to other parties. The Company expects to close the second tranche ($305,000) within 30 days.