Intigold Mines Ltd. Closes $300,000 Non-Brokered Private Placement
30.12.2014 | The Newswire
Vancouver, BC / TNW-ACCESSWIRE / December 30, 2014 - Intigold Mines Ltd. (IGD - TSX-V) is pleased to announce that subject to regulatory approval, the Company has closed $300,000 of the non-brokered private placement previously announced on October 14, 2014. The private placement consists of 6,000,000 units at a price of $0.05 per unit for gross proceeds of $300,000. Each unit consists of one common share and one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.10 per share for a period of 24 months following closing. In connection with the private placement, finders' fees of 10%, totalling $15,500 cash and issuing 58,000 units will be paid. The finders' units are on the same terms as the private placement units.In accordance with securities legislation currently in effect, the securities issued will be subject to a"hold period" of four months plus one day from the date of closing, expiring May 1, 2015.
The proceeds of the private placement will be used for working capital.
The Company also announces that on January 1, 2013, the Company entered into a consulting agreement with Steve Montgomery to provide investor relations services. In consideration of his services, Mr. Montgomery was granted incentive stock options to purchase 100,000 common shares of the Company at price of $0.10 for a period of two years from January 6, 2013. Mr. Montgomery subsequently advised the Company that he would not be providing these services and the Company has cancelled his stock options.
The Company also announces that pursuant to the Company's Stock Option Plan, the Company has granted incentive stock options to directors, officers, and consultants of the Company to purchase an aggregate 1,000,000 shares in the capital of the Company at an exercise price of $0.10 per share for a period of two years https://www.thenewswire.com/client_files/tnwmPvB7g_.png
For information on Intigold and its projects, please visit us at www.intigold.com or call 604-669-4677 or toll free at 1-888-895-5522.
INTIGOLD MINES LTD.
(signed "Lori McClenahan"
Lori McClenahan, President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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