Intigold Mines increases private placement to $300,000

2015-07-22 13:43 ET - News Release

Ms. Lori McClenahan reports

INTIGOLD MINES LTD. INCREASE PRIVATE PLACEMENT TO $300,000

Intigold Mines Ltd. has increased its private placement as announced on May 28, 2015. The non-brokered private placement has been increased from 1.25 million units at a price of 20 cents per unit to 1.5 million at a price of 20 cents per unit for gross proceeds of $300,000. 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 25 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 finder's fees of up to 10 per cent of the gross proceeds raised, payable in cash or shares, or a combination thereof.