Alto Appoints New Director and Grants Stock Options
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 19, 2012) - Alto Ventures Ltd. (ATV.V) is pleased to announce the appointment of Mr. Larry Okada as a director of Alto Ventures Ltd. Mr. Okada is a professional accountant in Canada and Washington State with over 35 years experience providing financial management services to publicly traded companies, with emphasis on junior mineral exploration companies. He holds a B.A. in Economics and was formerly with PricewaterhouseCoopers LLP and Staley, Okada and Partners. Larry is a member of the Canadian Institute of Chartered Accountants and will act as Chairman of Alto's Audit Committee.
"Alto is pleased that an executive of Larry's caliber has agreed to join Alto's team. Larry is a strong advocate for implementing good corporate governance practices which will be a tremendous asset to the Company," stated Rick Mazur, CEO of Alto Ventures Ltd.
The Company also announces that, in accordance with the Company's stock option plan, it has granted to directors, officers, and consultants, incentive stock options to purchase up to an aggregate of 1,085,000 common shares exercisable on or before September 19, 2017 at a price of $0.10 per share.
About Alto Ventures Ltd.
Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties in Quebec and Ontario. In Manitoba, the Company is focused on the gold 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,
Rick Mazur, P.Geo., CEO & Director
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.
