Inca One announces Private Placement with Global Resources Investments Ltd.
Vancouver, B.C., November 7, 2013 – INCA ONE RESOURCES CORP. (TSX‐V:IO) (“Inca One” or the “Company”) announces that it has settled on terms to undertake a private placement with Global Resources Investments Ltd (“GRIL”). Inca One is seeking to raise CDN $1,200,000.00 through the sale of 10,000,000 common shares at CDN$0.12 per share. No warrant.
GRIL has been established to exploit investment opportunities in the junior mining and natural resources sectors worldwide, with an investment objective to generate medium and long-term capital growth. GRIL will re-register as a public company and be constituted as an investment trust with the name Global Resources Investment Trust Plc (“GRIT”) and seek admission of its ordinary shares on the main market for listed securities on the London Stock Exchange.
In consideration for acquiring the Inca One shares, GRIT will issue and deliver to Inca One, 716,589 ordinary shares of GRIT at GBP £1.00 per share (the “GRIT Shares”). Inca One will then sell the GRIT Shares through the facilities of the London Stock Exchange to realize the private placement proceeds.
A finder's fee in the form of common shares will be payable to Jordan Capital Markets Inc. for introducing the Company and assisting in negotiating the transaction with GRIT.
Closing of the transaction is subject to a number of conditions precedent, including approval of the TSX Venture Exchange, and GRIT successfully listing on the London Stock Exchange.
About Inca One Resources Corp
Inca One is a Canadian-based mineral resource company with a newly acquired gold milling facility & exploration assets in Peru which was home to the Inca Empire, it 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.
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