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Inca One Gold (TSXV: IO) Announced a non-brokered Private Placement

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The company plans to raise up to $1,500,000 through the offering of up to 15 million units priced at $0.10 per unit. The units will consist of one share and one-half a warrant, with each full warrant exercisable at $0.15 for 18 months.

Additional Information:

Company: Inca One Gold
Website: http://www.incaone.com
Stock Symbol: TSXV: IO
Date Published: Jun 13, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Inca One Gold (TSXV:IO) (FSE:SU9.F) has announced a non-brokered private placement.

The company plans to raise up to $1,500,000 through the offering of up to 15 million units priced at $0.10 per unit. The units will consist of one share and one-half a warrant, with each full warrant exercisable at $0.15 for 18 months.

The shares are currently trading at $0.115, and with 59.3 million shares outstanding, the company is capitalized at $6.8 million.

Canadian-based Inca One purchases minerals from government registered small-scale mining producers from various regions within Peru, which it processes at its Chala One milling facility in Southern Peru.

Inca One’s goal is to become the premier gold process company in Peru, by offering superior services and conditions, and a consistent, transparent and fair mineral buying experience.

Peru is the 6th largest producer of gold in the world and the Peruvian government estimates the small-scale mining sector accounts for a significant portion of all Peruvian gold production, estimated to be valued approximately US$3 billion annually.

In light of the state-of-emergency flooding in Peru over the three-month period, the company still achieved an average throughput of 57 tonnes per day, an increase of 88% over the same three-month period in 2016, while gold production at reached 2,290 ounces, an increase of 91% from the comparable period in 2016.

Edward Kelly, President and CEO, stated: "Despite the unusual weather challenges, mineral buying and production increased early in 2017. In fact we reached all-time company highs for these months, compared with rainy seasons in previous years."

For more information please visit the company’s website at www.incaone.com, contact Konstantine Tsakumis, Investor Relations, at 604-568-4877 or by email at ktsakumis@inaone.com

I’m Samantha Deutscher for Investmentpitch Media