Montero Announces Shareholder Approval of Return of Capital and Key Distribution Dates

Core Points - Montero Mining and Exploration Ltd. has announced a return of capital to shareholders through a cash distribution totaling C$15,036,892.50 [1][2] - Each shareholder will receive C$1.80 per common share based on the current number of shares outstanding [2] - The funds for this distribution are derived from a US$27 million settlement with the Government of Tanzania regarding the Wigu Hill rare earth project [2][4] Important Dates - The record date for the distribution is June 24, 2025, and the payment date is July 3, 2025 [6] - Shares will trade with a "Due Bill" from June 24, 2025, to July 3, 2025, meaning buyers during this period will also receive the distribution [6] - The ex-distribution date is July 4, 2025, when shares will begin trading without the right to the distribution [6] Company Overview - Montero Mining and Exploration Ltd. is a Canadian exploration company focused on mineral development in emerging markets [4] - The company holds the Avispa copper-molybdenum project in northern Chile and has a strong track record in discovering and developing mineral projects [5] - Montero is listed on the TSX Venture Exchange under the symbol MON, with 8,353,833 common shares and 741,667 stock options outstanding [5]