Inca One Completes Convertible Debenture Financing
Vancouver, B.C., October 30, 2013– INCA ONE RESOURCES CORP. (TSX‐V:IO) (“Inca One” or the “Company”) is pleased to announce that it has completed its previously announced convertible debenture offering (the “Offering”) to raise gross proceeds of $275,000.
The debentures bear interest at a rate of ten percent (10%) per annum, calculated and paid quarterly in arrears. During the first year of the term of the debentures, 20% of the principal may, at the option of the holder, be converted into common shares of the Company at a price of $0.10 per common share. In addition, the holder will have the option to receive common shares of the Company, to be issued a deemed price of $0.10 per common share, in lieu of cash as payment for interest payable during the first year of the debentures. All common shares issued on conversion of the debentures will be subject to a statutory hold period of four months and one day.
On behalf of the Board,
INCA ONE RESOURCES CORP.
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