Vancouver (pcJ News Briefs) – Inca One Gold Corp. (TSXV: IO; FSE: SU9.F; SSEV: IOCL) intends to close a non-brokered private placement of 3,333,333 units at CDN $0.15 per unit for gross proceeds of up to CDN $500,000.
Each unit will be comprised of one common share and one transferable common share purchase warrant exercisable to purchase an additional share at CDN $0.28 per share for a period of 36 months from the closing date.
BWBI Corp. will subscribe for 2,333,333 units for gross proceeds of $350,000. BWBI will hold approximately 3.7% of the issued and outstanding common shares post private placement on an undiluted basis.
BWBI is a private family-owned investment firm that specializes in private and public small to mid-market companies.
“I am excited to welcome BWBI as a valuable and strategic investor dedicated to our vision for growth,” commented Inca One President and CEO Edward Kelly. “This new relationship will further enhance our market presence and allow us to accelerate growth initiatives. Inca One views their investment at this time as a vote of confidence in our company and we look forward to working together to further grow our business and build shareholder value.”
Inca One Gold is a Canadian-based mineral processing company. The company’s activities consist of the production of gold and silver from the processing of purchased minerals located in Peru.
photo credit: Inca One Gold