IRW-Press: Inca One Announces Closing Of Private Placement



Published on 05 December 2013

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by Press Office

(IRW-PRESS and WireNews+Co)

Vienna, Austria


Inca One Resources Corp. has completed its previously announced private placement of 3.25 million shares at 10 cents per share for gross proceeds to the company of $325,000.

The private placement was originally expected to be three million shares and increased by 250,000 shares. All of the shares were acquired by directors and officers of the company, who sold an equivalent number of shares in the market at a price of 10 cents. The company has agreed to reimburse the subscribers for the cost of the sale of their shares in the market. All shares issued pursuant to the private placement are subject to a statutory hold period expiring April 3, 2014.

The net proceeds from the private placement will be used to advance the development of the company's Chala One milling facility in Peru.

 


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Posted 2013-12-05 10:57:00