Montero completes C$15 million cash distribution stemming from settlement with Tanzania

Montero Mining and Exploration Ltd. has completed a cash distribution of C$15,036,892.50 to shareholders, stemming from a settlement with the United Republic of Tanzania. The company attributes recent share price volatility to this distribution, which was funded by a portion of the settlement proceeds. Registered shareholders must complete a letter of transmittal to receive their share of the distribution. Montero is a Canadian exploration company with a focus on mineral development, holding projects in Chile and having recently settled a dispute over a rare earth project in Tanzania. For more information, visit Montero’s website or contact Dr. Tony Harwood, President, and CEO.

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