An extract taken from todays RNS by Alto Ventures concerning a fund raising programme.
Proceeds from this financing will be used for advancement of the Company's Despinassy, Beardmore and Alcudia gold projects and for general working capital. Alcudia adjoins Noront Resources' Windfall gold project in Quebec (in which Alto holds a 0.5% Net Smelter Royalty interest) where a drill hole intercept of 1,792.9 g/t gold (52.2 ounces per ton) over 4.8 metres (15.7 feet) was recently reported. Completion of the private placement remains subject to acceptance by the TSX Venture Exchange.
A drill hole for Alto of 52 ounces per ton would certainly set their shares alight!!!!!
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