Inca One Resources

NEWS RELEASES

INCA ONE CLOSES PRIVATE PLACEMENT

View News Release in PDF Format
April 5, 2013

 

FOR IMMEDIATE RELEASE                                                                                                

 

Inca One Resources Corp. (the “Company”) wishes to announce that it has closed its non-brokered private placement announced February 20, 2013 of units (the “Units”) at a price of $0.10 per Unit.  Each Unit now consists of one common share (a “Share”) and one warrant (a “Warrant”), each Warrant entitling the holder to purchase one additional share of the Company at a price of $0.20 for a period of 36 months from closing, subject to acceleration if the closing price of the Company’s shares is at or above $0.30 for a period of five consecutive trading days.

A total of 9,535,000 Units have been sold for gross proceeds of $953,500. Total finder’s fees of $58,080 and 590,800 finder’s warrants (having the same terms as the Warrants) have been paid.

Warrants issued pursuant to closing will expire on April 5, 2016. All securities are subject to a hold period expiring on August 6, 2013. The proceeds of the private placement will be used for the further development of the Company’s Las Huaquillas Project, preparation work for a bulk sampling program on the Company’s Corizona Property, and general working capital purposes.

For More Information Contact:

KIN Communications

io@kincommunications.com

1-866-684-6730

1-604-684-6730

www.kincommunications.com

ON BEHALF OF THE BOARD OF DIRECTORS

            “Edward Kelly”

Per:                                         

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.


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