Inca One Resources

NEWS 2015

Inca One Announces Closing Of Non Brokered Debenture Financing

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VANCOUVER, BC – July 10, 2015 - INCA ONE GOLD CORP. (TSX-V: IO) ("Inca One" or the "Company”) is pleased to report that it has closed the previously announced non-brokered debenture financing (the “Debenture Financing”) for gross proceeds of USD$500,000.

The Debenture Financing consists of 20 units (the “Units”) with each Unit comprising one non-convertible debenture (the “Debentures”) in the principal amount of USD$25,000, and 25,000 non-transferable warrants (the “Warrants”). Each Warrant is exercisable into one common share of the Company at a price of CAD$0.25 until a date that is 12 months from the closing date of the Debenture Financing.  The holders of the Debentures are entitled to receive interest at the rate of 14% per annum, calculated and paid quarterly in arrears. The term of the Debentures is 12 months with a 12 month extension at the option of the Company.

A finder’s fee of 5% of the gross proceeds of the Debenture Financing is payable in cash by the Company to certain finders (the “Finder”).  The Debentures are secured by a security interest in certain of the Company’s present and after acquired property to be registered in British Columbia.

The net proceeds from the Debenture Financing will be used to fund the purchase of strategic capital additions such as a desorption plant, to retire certain higher interest maturing debts, and for general working capital purposes, as applicable.

About Inca One

Inca One is a Canadian-based mineral processing company with a gold milling facility in Peru, servicing government-permitted, small-scale miners. As part of the terms of the original purchase agreement for the Chala, Peru processing facility, Inca One has an agreement between its wholly owned subsidiary, Chala One SAC, and the seller and initial permit applicant, to operate under the umbrella of formalization until the successful completion of all the environmental and operating permits. Peru, a highly mineral-rich country, 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 mineral (such as the Company's Chala Plant).

On behalf of the Board,

Edward Kelly
President & CEO
INCA ONE GOLD CORP.

For More Information Contact:

Konstantine Tsakumis
INCA ONE GOLD CORP.
Email: irincagold@incaone.com
Telephone:  (604) 568-4877

 

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.

This news release deals only with the Company's Chala plant, which is an industrial project. This presentation does not deal at all with the Company's sole mineral exploration property, the Corizona property. Investors should note that no resource has been established on the Corizona property and all of the material currently being processed at the Chala plant is received from local small-scale mining operations.


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