September 30, 2013 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI, FSE: INE) has arranged a non-brokered private placement of up to 5,000,000 units priced at $0.05 per unit for total gross proceeds of $250,000. Each unit will be comprised of one common share and one warrant, with each warrant exercisable to acquire one additional common share for a period of three years, at an exercise price of $0.12 per share. The private placement will be subject to TSX Venture Exchange approval.
Proceeds of the private placement will be used for continuing to advance the Company’s mineral exploration properties in Burkina Faso and for general working capital.
The Company would also like to report that the following directors were elected at the Company’s AGM held on September 18, 2013 – Paul Cowley, Thomas Henricksen, Keir Reynolds, Thomas Smale and Marino Sveinson. Keir Reynolds has stepped down as interim President of the Company and will remain as a director. Paul Cowley has been appointed President in addition to his previous role as CEO. Robert G. McMorran and Thomas Henricksen have been re-appointed CFO and Vice President Exploration, respectively.
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) accept responsibility for the adequacy or accuracy of this release.