January 21, 2015 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI, FSE: INE) reports that it has closed the third and final tranche of a previously announced non-brokered private placement, issuing 1,500,000 units priced at $0.02 per unit, for gross proceeds of $30,000 in the final tranche. Each unit is comprised of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share, at an exercise price of $0.05 per share, prior to January 21, 2018. An aggregate of 7,625,000 units were issued in the private placement for total gross proceeds of $152,500.
In connection with the final tranche, a finder’s fee of $1,800, equal to 6% of found subscriptions to the private placement, has been paid to Leede Financial Markets Inc.
Securities issued pursuant to the final tranche of the private placement are subject to a four month hold until May 22, 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.