| ||Mon Jul 31, 2017|
Alto Closes Non-Brokered Private Placement
| ||Vancouver, B.C., July 31, 2017. Alto Ventures Ltd. (ATV: TSX-V) (the "Company") is pleased to announce that, further to its news release of July 18, 2017, it has increased and raised a total of $200,000 through the issuance of 2,500,000 flow through common shares at a price of $0.08 per flow through share. All securities are subject to a four month hold period expiring November 28, 2017 (as to 1,875,000 flow through common shares) and expiring December 1, 2017 (as to 625,000 flow through shares). The Company paid cash commissions of $13,300 and issued 166,250 finder warrants exercisable for one year from closing at a price of $0.08 per non-flow through common share.|
Alto announced an extension of its exploration program on the Oxford Lake gold project in a news release dated July 11, 2017. Proceeds from this financing will be used to further fund this exploration.
About Alto Ventures Ltd
Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. The Company is active in the Abitibi greenstone belt in Quebec on the Destiny gold property 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
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