Inca One Resources Corp. Grants Options
05.06.2014 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwired - Jun 4, 2014) - Inca One Resources Corp. (TSX VENTURE:IO) ("Inca One" or the "Company") announces that pursuant to the Company's Stock Option Plan, the Board of Directors has authorized the granting of incentive stock options to directors, officers, consultants and employees of the Company to acquire an aggregate of 2,050,000 common shares of the Company. The options have an exercise price of $0.15 per share and are exercisable until June 4, 2019.The Company also announces that it has retained Questrade Inc. ("Questrade") to provide market-making services in accordance with TSX Venture Exchange ("TSX-V") policies.
Under the terms of the agreement between the Company and Questrade dated June 4, 2014 (the "Agreement"), Questrade will receive compensation of $4,500 per month. Questrade will not receive shares or options as compensation. The Agreement is for a term of one year, and will automatically renew for additional one year terms thereafter. The Agreement may be terminated upon 30 days written notice by either party. Questrade and Inca One are unaffiliated entities; however, Questrade and its clients may have or may acquire a direct interest in the securities of the Company.
About Questrade
Questrade provides Canadians with high-speed, direct-access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms. Questrade offers market-making services on behalf of TSX and TSX-V listed companies providing liquidity on the stock exchange for shareholders.
About Inca One Resources Corp
Inca One is a Canadian-based mineral resource company and ore processing company with a gold milling facility in Peru, servicing government-permitted small-scale miners. A highly mineral-rich country, Peru is one of the world's top producers of gold, silver, copper and zinc, with substantial production coming from small scale miners who need government permitted milling facilities to process their ore (such as the Company's ore mill in Chala, Peru).
On behalf of the Board, Inca One Resources Corp.
Edward Kelly
President & CEO
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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that the Company has limited operating experience with its Chala plant and future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements.
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