ALTO CLOSES NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C., January 4, 2018. Alto Ventures Ltd. (ATV: TSX-V) announces that it has closed its non-brokered private placement previously announced on December 27, 2017. The Company has raised $203,000 through the issuance of 2,537,500 units (“Unit”) at a price of $0.08 per Unit. Each Unit is comprised of one flow-through common share and one-half of one share purchase warrant (a “Warrant”). Each whole Warrant is exercisable to purchase one non-flow through common share of the Company at a price of $0.12 per share for a period of 30 months expiring June 27, 2020.
The Company paid $14,210 cash commissions and issued 177,625 finder warrants at a price of $0.08 per finder warrant exercisable until December 27, 2018. All securities issued are subject to a four month hold period expiring April 28, 2018.
The proceeds from this financing will be used for exploration of its gold properties in Ontario and Quebec.
About Alto Ventures Ltd
Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold and diamond properties. The Company is active in the Abitibi greenstone belt in Quebec on the Windfall East and Destiny gold properties and is exploring in the Beardmore-Geraldton gold belt in Ontario. In Manitoba, the Company is focused on the gold and base metals potential of the highly prospective but relatively under-explored Oxford Lake property.
For more details regarding the Company’s projects, please visit our website at www.altoventures.com.
ON BEHALF OF THE BOARD,
Richard J. Mazur, P. Geo.,
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact:
President and Director
ALTO VENTURES LTD.
Unit 7 – 1351C Kelly Lake Rd
Sudbury, ON., P3E 5P5
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6