Inca One Begins Trading On Santiago Stock Exchange
VANCOUVER, BC – May 27, 2015 - INCA ONE GOLD CORP. (TSX-V:IO) ("Inca One" or the "Company"), is pleased to announce that its shares recently commenced trading on the Santiago Stock Exchange Venture ("SSEV") under the symbol IOCL offering access to the Latin American Integrated Market (“MILA”), Latin America’s largest stock trading platform. This listing and platform will ultimately result in the Company’s shares also being listed in the respective markets of Peru, Columbia and Mexico under the same IOCL symbol. Inca One's shares trading on the SSEV will be denominated in Chilean Pesos.
The listing on the SSEV results from an agreement entered into last year with the TSX Venture Exchange ("TSXV") allowing issuers listed on the TSXV to apply for a dual listing on the SSEV, providing access to investors and new funding opportunities in Latin American capital markets. The MILA integrated platform allows investors in these four countries, Chile, Columbia, Mexico and Peru, to seamlessly trade shares listed on any of the four markets through their local broker and stock exchange. The Company’s shares are also currently listed on the Frankfurt Exchange under the symbol SU9.
Edward Kelly, President and CEO of Inca One commented, “Listing on the Santiago Stock Exchange and giving Inca One access to the Latin American Integrated Market is a logical step to expanding our South American presence, which becomes increasingly important as we expand production at Chala One and enhance interaction with investors in South America.”
About Inca One
Inca One is a Canadian-based mineral processing company with a gold milling facility in Peru, servicing government-permitted small-scale miners. As part of the terms of the original purchase agreement for the Chala, Peru processing facility, Inca One has an agreement between its wholly owned subsidiary, Chala One SAC, and the seller and initial permit applicant, to operate under the umbrella of formalization until the successful completion of all the environmental and operating permits. Peru, a highly mineral-rich country, is one of the world's top producers of gold, silver, copper and zinc, with substantial production coming from small scale miners who need government permitted milling facilities to process their mineral (such as the Company's Chala Plant).
On behalf of the Board,
President & CEO
INCA ONE GOLD CORP.
For More Information Contact:
Inca One Gold Corp.
Telephone: (604) 568-4877
NEITHER THE 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.
Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that the Company has limited operating experience with its Chala plant and future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements.
This news release deals only with the Company's Chala plant, which is an industrial project. This presentation does not deal at all with the Company's sole mineral exploration property, the Corizona property. Investors should note that no resource has been established on the Corizona property and all of the material currently being processed at the Chala plant is received from local small-scale mining operations.