TSX.V: IXI

 

December 24, 2014 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI, FSE: INE) reports that it has closed the second tranche of a previously announced non-brokered private placement. 

In connection with the closing of the second tranche, the Company has issued 1,000,000 Units, priced at $0.02 per Unit, for gross proceeds of $20,000. 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 24, 2017.

A finder’s fee of $1,200, equal to 6% of certain found subscriptions to the private placement, has been paid to Leede Financial Markets Inc.

Securities issued pursuant to the private placement are subject to a four month hold until April 25, 2015.

Proceeds of the private placement will be used for general working capital.  

On Behalf of the Board of Directors,

 

“Paul Cowley”

President and CEO

For further information, please contact:

Paul Cowley: (604) 340-7711

 

Website:  www.indigoexploration.com

 

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.