Inca One Completes First Tranche Of Private Placement
Vancouver, B.C. October 28, 2013 INCAONE RESOURCES CORP. (TSX VENTURE: IO) (“the Company” or “Inca One”) wishes to announce that further to the news release on October 22, 2013, the Company has closed the first tranche of its non-brokered private placement financing. Under the first tranche, the company has sold $420,000.00 in notes.
The net proceeds from the Lock Box offering will be used exclusively to finance the acquisition of high-grade ore from small-scale miners and processed at the Company’s Chala One milling facility.
Closing of a second tranche is anticipated to take place shortly.
The Company has paid a finder a cash commission of five per cent (5%) of certain proceeds and issued finder warrants.
About Inca One Resources Corp
Inca One is a Canadian-based mineral resource company with a newly acquired gold milling facility & 2 substantial exploration assets in Peru, which was home to the Inca Empire. Peru is currently the largest gold producer in South America, hosting mines, which produced up to 26 million ounces of gold. A highly mineral-rich country, Peru is the largest producer of silver and 2nd largest producer of copper worldwide as of 2009.
On behalf of the Board,
INCA ONE RESOURCES CORP.
President & CEO
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