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ATV Alto Ventures Ltd

0.15
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Alto Ventures Ltd TSXV:ATV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.15 0.145 0.15 0 01:00:00

Alto Receives $750,000 in Virginia Mines Shares and Completes $250,000 Private Placement

08/04/2014 11:30am

Marketwired Canada


Alto Ventures Ltd. (TSX VENTURE:ATV) ("Alto") is pleased to announce that it has
completed the sale of its underlying 0.5% NSR Royalty on Eagle Hill
Exploration's Windfall Lake Gold project to Virginia Mines Inc. ("Virginia") in
consideration for an amount of $750,000 payable by the issuance of common shares
in the capital of Virginia (see Alto news release dated March 24, 2014). In
addition, Virginia Mines purchased 1,666,667 shares of Alto at a price of $0.15
per share for a total investment of $250,000. All shares issued in connection
with this transaction are subject to a four month regulatory hold period.


Virginia holds 6.9% of the 24,116,214 shares outstanding in Alto
post-transaction. The proceeds of the private placement will be used to maintain
Alto's quality gold portfolio, advance Alto's diamond exploration activities in
the Pikoo district of north-central Saskatchewan and for general working
capital.


Richard Mazur, CEO of Alto stated, "We are pleased that Virginia recognizes
Alto's underlying value through this investment in Alto at a premium to its
share price. We will aggressively explore our diamond properties in the
immediate vicinity of North Arrow's Pikoo diamond discovery. Alto plans to
conduct a till sampling program this summer to follow-up on some high interest
geophysical targets identified on its property."


About Alto Ventures Ltd

Alto Ventures Ltd. is an exploration and development company with a portfolio of
highly prospective Canadian gold and diamond properties. Alto has recently
acquired large packages of land in Saskatchewan that are prospective for hosting
diamonds. The Company is active in Ontario, Quebec and Manitoba on gold
exploration through its 100% owned properties and strategic partnerships and
investments. 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 PLEASE CONTACT: 
Alto Ventures Ltd.
Mike Koziol
President and Director
705-522-6372
705-522-8856 (FAX)
koziol@altoventures.com


Alto Ventures Ltd.
Rick Mazur
CEO and Director
604-638-3943
604-689-3609 (FAX)
info@altoventures.com
www.altoventures.com

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