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Montero Mining and Exploration Ltd.

10:49 AM EST - Montero Mining and Exploration Ltd. : Has closed its previously announced non-brokered private placement of 5,332,997 common shares of the Corporation at a price of $0.15 per Common Share, for gross proceeds of $799,949.55. Montero Mining and Exploration Ltd. shares V.MON are trading up $0.06 at $0.27.