December 17, 2014 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI, FSE: INE) reports that it has closed the first tranche of a previously announced non-brokered private placement.
In connection with the closing of the first tranche, the Company has issued 5,125,000 Units, priced at $0.02 per Unit, for gross proceeds of $102,500. Each Unit is comprised of one common share and one share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share, at an exercise price of $0.05 per share, prior to December 17, 2017.
A finder’s fee of $5,400, equal to 6% of certain found subscriptions to the private placement, has been paid to Haywood Securities Inc.
Securities issued pursuant to the private placement are subject to a four month hold until April 18, 2015.
Proceeds of the private placement will be used for general working capital.
On Behalf of the Board of Directors,
President and CEO
For further information, please contact:
Paul Cowley: (604) 340-7711
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.