Montana Exploration Corp. (TSXV:MTZ) announced that it has issued 1 promissory note at a price of $200,000 for gross proceeds of $200,000 on August 19, 2015. The promissory note bears interest of 10% per annum and matures on August 19, 2018.

The company also issued 1,000,000 warrants at an exercise price of CAD 0.065 ($0.04965) expires on August 19, 2020. The transaction included participation from a significant shareholder and director of the company.