IGC Resources Inc.: Exercise/Sale of Options
06.09.2011 | Marketwire
KELOWNA, 09/06/11 - IGC Resources Inc. ('IGC' or the 'Company') (TSX VENTURE: IGC) (PINKSHEETS: IGCGF) (FRANKFURT: I6G) is pleased to announce that 5.5 million options of Intra Energy Corp # (ASX: IEC) were exercised at the option price of AU 0.25c and the balance of 1.75 million options were sold for AU 03c. The buyer of these options was an entity controlled by a director of the Company. The expiry date of the above-mentioned options was August 31st, 2011.The Company now owns 8.35 million shares of Intra Energy Corp.
(# Atomic Resources Inc changed its name to Intra Energy Corp in May 2011.)
About IGC Resources Inc.:
IGC's principal business activities are the exploration and development of its gold, copper, uranium and coal projects while continuing to investigate other mineral resource prospects for potential acquisition globally.
DATED at Kelowna, BC, this 5th September, 2011.
Statements in this release may constitute forward-looking statements which involve known and unknown inherent risks and uncertainties that are detailed in IGC's periodic filings with Canadian securities regulators. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Actual events or results could differ materially from IGC's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
IGC Resources Inc.
John McColl, Director/Compliance Manager
+1 (250) 868-0868
igcresources@gmail.com
www.igcresources.com