Intigold arranges $500,000 private placement

2014-10-14 13:27 ET - News Release

Ms. Lori McClenahan reports

INTIGOLD MINES LTD. - NON-BROKERED PRIVATE PLACEMENT

Intigold Mines Ltd. has negotiated a non-brokered private placement of up to 10 million units at a price of five cents per unit, raising gross proceeds of up to $500,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of 10 cents per share for a period of two years from closing. The proceeds of the private placement will be used for working capital. The private placement is subject to regulatory approval.

The company will pay finders' fees of up to 10 per cent of the gross proceeds raised, payable in cash or shares, or a combination thereof.