Alto Closes Final Tranche of Private Placement
NEWS RELEASE
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 bel t 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.
ALTO VENTURES LTD.
Suite 615 - 800 W. Pender Street
Vancouver, B.C. V6C 2V6
Tel: 604.689.2599
Fax: 604.689.3609
www.altoventures.com
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
Email: [email protected]
Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: [email protected]