Alto Ventures Ltd.

Alto Ventures Ltd.

January 13, 2011 14:27 ET

Alto Increases Private Placement to $3,500,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 13, 2011) - Alto Ventures Ltd. (TSX VENTURE:ATV) is pleased to announce that due to a strong response from investors, the Company has increased its non-brokered private placement financing to $3,500,000 from the initially targeted $2,000,000 as set out in the Company's news release dated December 10, 2010 and amended news release dated January 10, 2011. The amended financing will be completed through the issuance of a combination of units ("Units") and flow through units ("FT Units") at a price of $0.05 per Unit and FT Unit. Each Unit consists of one common share and one share purchase warrant ("Warrant"), each Warrant being exercisable to purchase one common share at a price of $0.10 for a period of one year from closing. Each FT Unit shall consist of one flow through common share and one-half of one share purchase warrant (FT Warrant"), each whole FT Warrant being exercisable to purchase one common share at a price of $0.10 for a period of one year from closing. Finders' fees will be payable in connection with the private placement in accordance with the policies of the TSX Venture Exchange. 

Use of Proceeds will be for drilling on the Coldstream project (Shebandowan camp) and Miner Lake (Beardmore-Geraldton camp) properties in Ontario and the Alcudia property in the Urban-Barry gold belt in Quebec.

About Alto Ventures Ltd.

Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company has a strategy to discover gold deposits nearby existing infrastructure through exploration of its 100% owned properties and through strategic partnerships and joint ventures. Alto is active in the Abitibi greenstone belt of Quebec and the Beardmore-Geraldton and Shebandowan gold districts in Ontario. Recently, with the acquisition of the Chilko project in British Columbia, the company has added large tonnage bulk-mineable porphyry style deposits to its exploration portfolio. 

For more details regarding the Company's projects, please visit our website at


Richard Mazur, P. Geo., CEO

Neither 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.

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