Inca One Announces Revised Financing Transaction with GRIT
January 22 2014 - 1:48PM
Marketwired
Inca One Announces Revised Financing Transaction with GRIT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 22, 2014) - INCA
ONE RESOURCES CORP. (TSX-VENTURE:IO) ("Inca One" or the "Company")
is pleased to provide an update regarding its previously announced
private placement with Global Resources Investments Ltd ("GRIL").
Pursuant to the amended terms, the Company will issue an aggregate
of 12,000,000 common shares at a price of $0.11 per common share to
raise gross proceeds of $1,320,000.
GRIL has been established to exploit investment opportunities in
the junior mining and natural resources sectors worldwide, with an
investment objective to generate medium and long-term capital
growth. GRIL will re-register as a public company and be
constituted as an investment trust with the name Global Resources
Investment Trust Plc ("GRIT") and seek admission of its ordinary
shares on the main market for listed securities on the London Stock
Exchange.
In consideration for acquiring the Inca One shares, GRIT will
issue and deliver to Inca One, 733,007 ordinary shares of GRIT at
GBP £1.00 per share (the "GRIT Shares"). Inca One will then sell
the GRIT Shares through the facilities of the London Stock Exchange
to realize the private placement proceeds.
A finder's fee in the form of common shares will be payable to
Jordan Capital Markets Inc. for introducing the Company and
assisting in negotiating the transaction with GRIT. Closing of the
transaction is subject to a number of conditions precedent,
including approval of the TSX Venture Exchange, and GRIT
successfully listing on the London Stock Exchange.
About Inca One Resources Corp.
Inca One is a Canadian based mineral resource company with a
newly acquired gold milling facility & exploration assets in
Peru, which was home to the Inca Empire. Peru is currently the
largest gold producer in South America, hosting mines which have
produced up to 26 million ounces of gold. A highly mineral rich
country, Peru is one of the world's top producers of gold, silver,
copper and zinc.
On behalf of the Board,
INCA ONE RESOURCES CORP.
Edward Kelly, President & CEO
NEITHER 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 IN THIS PRESS RELEASE 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
SUCH AS THE RISK THAT THE CLOSING MAY NOT OCCUR FOR ANY REASON.
ACTUAL RESULTS IN EACH CASE COULD DIFFER MATERIALLY FROM THOSE
CURRENTLY ANTICIPATED IN SUCH STATEMENTS DUE TO FACTORS SUCH AS:
(I) THE INABILITY OF THE PARTIES TO CONSUMMATE THE DEFINITIVE
LETTER AGREEMENT; (II) FLUCTUATION OF MINERAL PRICES; (III) A
CHANGE IN MARKET CONDITIONS; (IV) THE INABILITY TO PRODUCE THE
TECHNICAL REPORT FOR ANY REASON WHATSOEVER; AND (V) THE REFUSAL OF
THE EXCHANGE TO ACCEPT THE PROPOSED TRANSACTION FOR ANY REASON
WHATSOEVER. EXCEPT AS REQUIRED BY LAW, THE COMPANY DOES NOT INTEND
TO UPDATE ANY CHANGES TO SUCH STATEMENTS.
KIN Communications1-866-684-6730 or
1-604-684-6730io@kincommunications.comwww.kincommunications.com
Inca One Gold (TSXV:IO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Inca One Gold (TSXV:IO)
Historical Stock Chart
From Sep 2023 to Sep 2024