ALTO VENTURES LTD. : http://www.altoventures.com/ : QwikReport

News Releases

#Mon Jun 29, 2020
Dividend Record Date

 

Vancouver, B.C., June 29, 2020.  Alto Ventures Ltd. (ATV: TSX-V) ("Alto" or the "Company") announces that, further to its earlier news release announcing the record date for the dividend of shares of Empress Royalty Corp. (the "Dividend"), the Company wishes to confirm that the Dividend is a special dividend in the amount of 0.082 shares of Empress Royalty Corp. per pre-consolidation common share of the Company, or 0.41 shares of Empress Royalty Corp. per common share of the Company following the 5 old for 1 new consolidation of the Company's shares to take effect July 2, 2020.

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.,
CEO 

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:

Mike Koziol,
President and Director
ALTO VENTURES LTD.
Unit 7 -- 1351C Kelly Lake Rd
Sudbury, ON., P3E 5P5
Tel: 705-522-6372
Fax: 705-522-8856
Email:
Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Fax: 604-689-3609
Email:
 
#Mon Jun 29, 2020
Alto Confirms Share Consolidation

 Vancouver, B.C., June 29, 2020. Alto Ventures Ltd. (ATV: TSX-V) ("Alto" or the "Company") is pleased to announce that, further to its earlier news releases of February 4, 2020 and March 6, 2020, it has completed the consolidation of its common shares on the basis on one (1) "new" common share for five (5) "old" common shares. Effective Thursday, July 2, 2020, the common shares of the Company will commence trading on the TSX Venture Exchange on a consolidated basis under the same stock symbol "ATV".

Letters of transmittal describing the process by which shareholders may obtain new certificates representing their consolidated common shares will be mailed shortly to registered shareholders. Shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their name will not be required to complete a letter of transmittal. No fractional shares will be issued under the share consolidation and any fraction will be rounded to the nearest whole number. The new CUSIP/ISIN numbers are 021550306/CA0215503065.

Following consolidation and subject to rounding, Alto will have issued and outstanding 11,274,659 common shares. All outstanding options and warrants of the Company will be adjusted accordingly to reflect the share consolidation.

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 also has projects in the Beardmore-Geraldton gold belt in Ontario and the Oxford Lake project in Manitoba.

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.,
CEO


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:
Rick Mazur,
CEO and Director

ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Fax: 604-689-3609
Email: [email protected]
 
#Mon Jun 1, 2020
Alto Advised Of Special Meeting Of Empress Shareholders

 Vancouver, B.C., June 1, 2020. Alto Ventures Ltd. (ATV: TSX-V) ("Alto" or the "Company") is pleased to provide an update on the status and timing of the arrangement to be effected pursuant to the Business Corporations Act (British Columbia) (the "Arrangement") involving Empress Resources Corp. ("Empress") and Empress's wholly-owned subsidiary, Empress Royalty Corp. ("Empress Royalty").

Special Meeting of Empress Shareholders and Warrantholders & Interim Order

Alto is advised that Empress has set the date for the special meeting of its shareholders and warrantholders to approve the Arrangement for June 30, 2020 (the "Meeting").

On May 28, 2020, Empress obtained the interim order of the Supreme Court of British Columbia (the "Court") made in connection with the Arrangement and providing for, among other things, the calling and holding of the Meeting, as may be amended, supplemented or varied by the Court.

Amending Agreement

On May 23, 2020, Empress and Alto entered into an amending agreement (the "Amending Agreement"), which, among other things, extended certain dates in connection with the Arrangement and provided that the shares of Empress Royalty that Empress shareholders will receive in connection with the Arrangement must be listed within 180 days of the effective date of the Arrangement either directly or indirectly as a result of the exchange of its shares with a listed company or Empress Royalty must return to Alto the marketable securities (or the monetary value thereof) to be transferred to Empress Royalty in connection with the Arrangement. The Amending Agreement also approved the revised plan of arrangement attached thereto.

The Amending Agreement will be made available on Alto's SEDAR profile at www.sedar.com.

It is anticipated that the closing of the Arrangement will occur on or about July 6, 2020.

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 also has projects in the Beardmore-Geraldton gold belt in Ontario and the Oxford Lake project in Manitoba.

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.,
CEO

This news release contains statements about Alto's expectations regarding the the Arrangement which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Although Alto believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the Arrangement not being approved by the shareholders and warrantholders of Empress, the Court or the TSX Venture Exchange. The forward-looking statements contained in this news release are made as of the date hereof, and Empress undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law. Readers should not place undue reliance on forward-looking statements or information.

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:
Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Fax: 604-689-3609
Email: [email protected]
 
#Fri May 29, 2020
Alto Closes Receipts Offering

 Vancouver, B.C., May 29, 2020. Alto Ventures Ltd. (ATV: TSX-V) ("Alto" or the "Company") is pleased to announce that, further to its earlier news releases of March 6, 2020, March 19, 2020, April 29, 2020 and May 13, 2020 (the "Prior Releases"), it has closed the offering of subscription receipts (the "Offering"). On closing Alto has issued 22,375,000 subscription receipts (the terms of which are detailed in the Prior Releases) and delivered $2,237,500 into escrow with Computershare Trust Company of Canada (the "Escrow Agent").

The funds are to be released by Alto upon closing of the merger (the "Merger") with Empress Resources Ltd. ("Empress") and issuance of the underlying securities to the subscribers or are to be returned to the subscribers where the Merger has not occurred by August 31, 2020.

The subscription receipts and underlying securities are subject to a four month hold period expiring September 30, 2020.

Upon the escrow funds being released to Alto, Alto is to pay $150,000 and issue 1,400,000 warrants on account of finder's fees in connection with the Offering.

Final acceptance of the Offering by the TSX Venture Exchange remains subject to completion of the Merger and finalization of a five old for one new consolidation of the shares of Alto.

On release of the proceeds to Alto they will be applied to exploration and development of the Company's mineral projects.

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 also has projects in the Beardmore-Geraldton gold belt in Ontario and the Oxford Lake project in Manitoba.

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.,
CEO

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:

Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Fax: 604-689-3609
Email: [email protected]
 

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