RE: News Nov. 29International Montoro B.C. property agreement
2010-11-29 21:14 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to a property option agreement dated Nov. 19, 2010, between International Montoro Resource Inc., Marksman Geological Ltd. and David A. Heyman, whereby the company has the option to acquire a 100-per-cent interest in 12 mineral claims in two separate claim blocks located northwest of the Wicheeda REE discovery in the new Tacheeda Lake camp in the Carbo area of northwestern British Columbia. In consideration, the company will issue two million shares and two million share purchase warrants with an exercise price of 15 cents for a one-year period to the vendors. The property is subject to a 1-per-cent net smelter return royalty, half of which may be purchased by the company, prior to a bankable feasibility study, for $500,000