THE BOARD OF DIRECTORS Vancouver, B.C. August 25, 2016 – International Montoro Resources Inc. (TSX.V: IMT), (the “Company”) is pleased to announce the appointment of Mr. Fraser Rieche of Vancouver, B.C. to the Board of Directors.
Education & Experience:
Mr. Rieche has a BA in Economics and has 25 years’ experience in International project management, logistics planning and corporate finance having worked with resource based industries and financial institutions worldwide. He has helped to develop and finance mining projects in both North America and South America along with energy projects, oil and gas projects, fisheries projects and forestry projects in many different areas of the world. Mr. Rieche has worked with NGO's and was a lead consultant in preparing a report submitted to the United Nations which examined options for legitimizing the mining of coltan and tantalum in National Parks and Wildlife refuges in the Congo. Mr. Rieche is a co-founder of and partner in SKU Media Corp., a public relations and marketing company and various other internet and media based companies.
Stock Options Granting:
The Company has granted Mr. Rieche; two hundred thousand (200,000) stock options for the purchase of up to 200,000 common shares of the Company, pursuant to our Stock Option Plan. Each option is exercisable for a period of three years at a price of $0.05 per common share.
About International Montoro Resources Inc.
Montoro is focused on advancing its 100%-owned Serpent River - Elliot Lake, Northern Ontario, Pecors magnetic anomaly - a potential Ni-Cu-PGE discovery. The southwestern portion of the property has also located Uranium/REE mineralization from drilling in the general area where Rio Algom previously discovered uranium. The property comprises 10 mineral claims (115 units), approx. 1,840 ha.
Montoro holds a 100% interest in 2,268 ha (5 claims, 5,604 acres, the Chua property) contiguous to and adjoining the Wicheeda, a previously reported Rare Earth discovery, northeast of Prince George, B.C. Montoro also holds a 100% interest in 4 mineral claims (187.27 ha) in the Tacheeda Lake camp. This property was previously a producing site of limestone ballast used during the construction of the B.C. Northern railway.
In addition the Company owns with Belmont Resources Inc. (50/50) its Crackingstone (982 ha, 2,427 acres) and Orbit (11,109 ha, 27,450 acres) Uranium properties in the Uranium City District, Northern Saskatchewan, and is seeking a joint venture partner to continue development of this advanced property. |