Oct 29 (Reuters) - Montero Mining and Exploration Ltd MON.V :
* MONTERO ANNOUNCES $2.1 MILLION NON-BROKERED PRIVATE PLACEMENT
* MONTERO MINING AND EXPLORATION LTD - INTENDS TO COMPLETE NON-BROKERED PRIVATE PLACEMENT OF UP TO 14 MILLION UNITS AT A PRICE OF CAD$.15 PER UNIT