INTERNATIONAL MONTORO RESOURCES INC. ("IMT")BULLETIN TYPE: : Property-Asset or Share Purchase AgreementBULLETIN DATE: October 23, 2020TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Mineral Property Acquisition Agreement dated October 13, 2020 between International Montoro Resources Inc. (the "Company"), Shane Stares, Robert Stares, Alexander Stares, Stephen Stares and Michael Stares (the "Stares"). Pursuant to the Agreement the Company may acquire a 100% interest in and to 1,325 hectares of land known as the Victoria Lake Project located in South Central Newfoundland. Consideration is $10,000 cash, 350,000 common shares and 350,000 warrants each exercisable into once common share at a price of $0.12 for a period of two years. The Stares will retain a 2% Net Smelter Return Royalty ("NSR") of which the Company may repurchase half or 1% for $1,000,000.
For more information refer to the Company's news release dated October 14, 2020