Inca One Announces Non-Brokered Private Placement
Vancouver, B.C., February 6, 2014 – INCA ONE RESOURCES CORP. (TSX‐V:IO) (“Inca One” or the “Company”) is pleased to announce a non-brokered private placement of 2,010,000 shares at a price of $0.10 per share (the “Private Placement”) for gross proceeds of $201,000. 650,000 of the shares issued pursuant to the Private Placement will be issued to parties, including a director of the Company, who have sold previously an equivalent number of common shares of the Company at a price of $0.10 per share through the facilities of the TSX Venture Exchange. The Company has agreed to reimburse these subscribers for the cost of the sale of their shares in the market.
The net proceeds from the Private Placement will be used for working capital and upgrading of Chala One milling facility in Peru. All securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day. Completion of the Private Placement is subject to the approval of the TSX Venture 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 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.
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