I see IGD, once again, has negotiated a non-brokered private placement to raise proceeds of up to $1,000,000.00. The news release states:
The proceeds of the private placement will be used for Intigold's projects and for working capital.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aIGD-2352336&symbol=IGD®ion=C
Just a reminder that the Peruvian leases and penalties are due in June, so I am only hoping that this may be what she will be funding? Or maybe she will be paying for them personally....that could be why she has disposed of most of her shares and is now sitting with just over 500,000:
| McClenahan, Lori Leigh |
| President, Chief Executive Officer, Director |
| Insider's Relationship to Issuer: |
4 - Director of Issuer
5 - Senior Officer of Issuer |
Transaction
Date |
Transaction Nature |
Volume or Value |
Price |
Account
Balance |
| Security Type: |
Common Shares (Direct Ownership) |
| Feb 4/16 |
10 - Disposition in the public market |
-872,500 |
$0.110
|
597,500 |
- See more at: https://www.canadianinsider.com/company?menu_tickersearch=igd#sthash.qDGQwnm9.dpuf
