Inca One Engages Jett Capital Advisors To Raise Funds Up To US$20 Million For Expansion
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VANCOUVER, BC – September 28, 2015 - INCA ONE GOLD CORP. (TSX-V: IO) ("Inca One" or the "Company”) is pleased to announce that it has retained Jett Capital Advisors LLC (“Jett”) as the Company’s exclusive financial advisor and placement agent. Jett will assist in raising, on a best effort basis, up to USD $20 million in debt facilities. The purpose of the raise is for the expansion of the Company’s operations in Peru, up to a total of 500 tonnes per day capacity and the related inventory build-up. The expansion is expected to take the form of additional capacity in the Chala area as well as the potential acquisition of additional processing plants and/or operating entities based in other areas throughout Peru.
Edward Kelly, President and Chief Executive Officer, stated: "We are pleased to work together with Jett Capital Advisors, one of the premier groups in the resource financing sector. We are also pleased with our work and efforts at our Chala One plant. Our staff in Peru have demonstrated the highest degree of professional capability during the expansion, start up, and since the commencement of commercial production of Chala One. We now have the experience and capability to expand and deploy significant capital in a methodical manner in the mineral processing industry in Peru, and provide growth for our shareholders.”
Sam Grauer, a partner at Jett, stated: “We have been looking for an opportunity to be involved in financing for the mineral processing sector in Peru for some time. After becoming familiar with the Inca One team in Vancouver and their experienced technical staff in Peru, we are excited to work with Inca One to fund its expansion and growth.” Terms of the engagement include a one-time payment of CAD $75,000, for the services of Jett as the Company’s financial advisor, to be settled for 500,000 Inca One shares at a price of $0.15 per share, which is subject to the approval of the TSX Venture Exchange..
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