Indigo Exploration Inc. Closes Non-Brokered Private Placement of $245,000
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov 4, 2013) - Indigo Exploration Inc. (TSX VENTURE:IXI)(FRANKFURT:INE) has closed a non-brokered private placement of 4,900,000 units priced at $0.05 per unit for total gross proceeds of $245,000. Each unit is comprised of one common share and one warrant, with each warrant exercisable to acquire one additional common share at an exercise price of $0.12 per share, on or before November 4, 2016. Securities issued pursuant to the private placement are subject to a four month hold until March 5, 2014.
Proceeds of the private placement will be used for continuing to advance the Company's mineral exploration properties in Burkina Faso and for general working capital.
On Behalf of the Board of Directors,
Paul Cowley, President and CEO
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.