TSX.V : MARV $0.08   |  OTCQB: MARVF $0.06  |  O4T: GR 0,042 € 


December 16, 2020. Vancouver, B.C. – International Montoro Resources Inc. (TSX-V: IMT), (Frankfurt: O4T1), (IMTFF: OTC PINKS); (the “Company”) is pleased to announce that the nominees listed in the Management Information Circular for the 2020 Annual General Meeting of Shareholders (theAGM”) held on December 15, 2020 were duly elected as directors confirming the current management slate. The shareholders elected Karim Rayani, Mark Luchinski, Gary Musil, Brent Griffin and Fraser Rieche as directors for the upcoming year.  The scrutineer reported that there were a total of 49 shareholders holding 16,905,657 shares represented in person or by proxy at the meeting.  This represents 26.21% of the total 64,512,105 shares issued and outstanding as at Record Date. Detailed results are set our below:


The Advance Notice Policy (“ANP”) resolution submitted by management to shareholders for consideration was also approved as presented at 93.36%; as attached to the Information Circular as Schedule “C”.  In order for the ANP to remain in effect, the ANP must be ratified, confirmed and approved at each subsequent annual general meeting.

The final resolution regarding the ‘Plan of Arrangement’ was tabled until a later date to allow the Company to prepare and provide to the Shareholders details regarding the proposed arrangement; and with a new and separate proxy.

At the Directors Meeting following; the directors appointed Karim Rayani as President/Chief Executive Officer and Fraser Rieche as Corporate Secretary/Chief Financial Officer for the upcoming year.  The Audit Committee will be comprised of Gary Musil, Brent Griffin and Mark Luchinski.  The Directors also fixed the remuneration to be paid to the auditors for the financial year ended August 31, 2019.

The Board of Directors would also like to thank the Company’s shareholders for their patience and continued support since the outbreak of COVID-19, a global pandemic; and these difficult markets throughout the past year.

About International Montoro Resources Inc.

Montoro, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company.  The Company is systematically exploring its extensive property positions in:

  • Exploits Zone, Newfoundland (Slip and Victoria Lake – Au Prospects)
  • Atikokan, Ontario (BlackFly – Au prospect)
  • Red Lake, Ontario (Camping Lake – Au prospect)
  • Elliot Lake, Ontario (Serpent River/Pecors –Ni-Cu-PGE discovery) & (Uranium- REE’s)
  • Quebec (Duhamel –Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium prospect)
  • Prince George, British Columbia (Wicheeda North – Rare Earth Elements prospect)

The Company’s website is: https://montororesources.com/


International Montoro Resources Inc.

“Karim Rayani”

Karim Rayani

President/Chief Executive Officer, Director

Tel: 604 716 0551 email: k@r7.capital

Disclaimer for Forward-Looking Information:


Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future.  Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.  No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect.

Neither 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.