| ||Mon Dec 4, 2017|
Alto Closes Final Tranche of Private Placement
| ||Vancouver, B.C., December 4, 2017. Alto Ventures Ltd. ("Alto" or the "Company") (ATV: TSX-V) announces that it has closed the final tranche of its private placement previously announced on October 2, 2017 and October 25, 2017. The Company has raised an additional $280,399.98 through the issuance of 4,005,714 units (the "Units") at a price of $0.07 per Unit. Each Unit will be comprised of one common share and one-half of one share purchase warrant (a "Warrant"). Each whole Warrant is exercisable to purchase one common share of the Company at a price of $0.12 per share for a period of thirty months expiring June 4, 2020. The Company issued 175,450 finder warrants at a price of $0.12 exercisable until June 4, 2020 and paid $12,281.50 in cash commissions. All securities are subject to a fourth month hold period expiring April 5, 2018.|
Alto raised a total of $528,899.98 in this financing through the issuance of 7,555,714 units and paid a total of $27,961.50 in cash commissions and issued a total of 399,450 finder warrants. Proceeds from this financing will be used for geophysics and drilling at Oxford Lake as well as working capital.
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
You can view the Next News Releases item: Mon Dec 11, 2017, Alto Appoints Michael A. Steeves To Board Of Directors
You can view the Previous News Releases item: Mon Nov 6, 2017, Alto Identifies Further Gold Mineralization Along The 30km Carrot River-Rusty-Blue Jay Gold Trend, Oxford Lake, Manitoba
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