International Montoro Resources Inc. (TSX: V.IMT, OTCQB: IMTFF, Forum) stated on Friday that it has completed its oversubscribed private placement of 2,050,000 units at a price of $0.05 per unit for gross proceeds of $102,500.
More information can be found here.
This comes as part of IMT’s recently completed non-brokered private placementof up to 2 million non flow-through common share units. The Company intends to use these proceeds for property payments, exploration on current acquisitions as well as previously held properties; and working capital.
FULL DISCLOSURE: International Montoro Resources Inc. is a client of Stockhouse Publishing.