Inca One Announces Closing of Private Placement

(firmenpresse) - Inca One Announces Closing of Private Placement

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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Datum: 05.12.2013 - 11:21 Uhr
Sprache: Deutsch
News-ID 322473
Anzahl Zeichen: 892

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Wien

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Business News

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