Vancouver, B.C., February 26, 2020. Alto Ventures Ltd. (ATV: TSX-V) ("Alto" or the "Company") announces that it will seek approval of the TSX Venture Exchange to reprice and extend the term of all outstanding warrants as follows:
- 1,775,000 warrants at a price of $0.12 expiring April 19, 2020 be repriced to $0.06 and expire April 19, 2021;
- 2,002,857 warrants at a price of $0.12 expiring June 4, 2020 be repriced to $0.06 and expire June 4, 2021. Of these warrants 350,000 are held by Insiders of the Company; and
- 1,268,750 warrants at a price of $0.12 expiring June 27, 2020 be repriced to $0.06 and expire June 27, 2021. These warrants will also be subject to accelerated expiry in circumstances where the closing price of the shares for 10 consecutive trading days is $0.075 or greater.
Any broker and/or finder warrants issued in connection with these financings will not be extended. All other warrant terms will remain the same.
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