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TORONTO, Jan. 18, 2024 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) is pleased to announce that it has closed its previously announced non-brokered private placement of 5,332,997 common shares of the Corporation (the “Common Shares”) at a price of $0.15 per Common Share, for gross proceeds of $799,949.55 (the “Offering”).
Dr. Tony Harwood, President and CEO of Montero, commented: “We are pleased to have completed Montero’s private placement and are delighted to welcome Mr. Jeremy Raper as a new strategic shareholder.”
Montero intends to use the net proceeds from the Offering for general corporate and working capital purposes. 708 Capital Pty Ltd and Haywood Securities Inc. acted as finders in connection with the Offering and were paid a cash commission by the…
