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.,
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:
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6