altomont released at 16:19 todaySumthin to mull over the weekend:
Int'l Montoro acquiring Serpent River property
2007-01-26 16:19 ET - Property Agreement
The TSX Venture Exchange has accepted for filing an option agreement dated Dec. 29, 2006, between International Montoro Resources Inc., and Dan Patrie Exploration Ltd. and Precambrian Ventures Ltd., whereby the company will acquire a 100-per-cent interest in 10 mining claims located in the Sault Ste. Marie mining division, Elliot Lake area, in Northern Ontario, known as the Serpent River property.
Total consideration consists of $500,000 in cash payments and up to 500,000 shares of the company, as follows:
Cash Shares
Upon execution of agreement $20,000 0
Within 10 days following
exchange approval $80,000 100,000
On or before Dec. 12, 2007 $100,000 100,000
On or before Dec. 12, 2008 $100,000 100,000
On or before Dec. 12, 2009 $100,000 100,000
On or before Dec. 12, 2010 $100,000 100,000