Ms. Lori McClenahan reports
INTIGOLD MINES LTD. - CORPORATE UPDATE (OCTOBER 2015)
Intigold Mines Ltd. is providing the following update with respect to the corporate affairs of the company.
OTCQB listing
The company jointly listed on the OTCQB Venture Marketplace on Oct. 22, 2015. The symbol IDMNF remains the same. The OTCQB is for entrepreneurial- and development-stage U.S. and international companies. Companies must be current in their reporting, and undergo an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors.
Mineral properties
Scandie property, British Columbia, Canada
The company owns a 100-per-cent interest in the Scandie property located in the Beaverdell area of the Greenwood mining division, British Columbia. The Scandie property is a polymetallic property, and the target minerals are lead, zinc, copper and silver plus/minus gold. The Scandie property is in good standing until July 15, 2017. No further expenditures are required to maintain this property at this time.
Donnamore property, British Columbia, Canada
The company owns a 100-per-cent interest in certain mining claims located in the Adams Lake area of the Kamloops mining division, British Columbia. The Donnamore property is a VMS (volcanic massive sulphide) property with lead, zinc, copper and silver plus/minus gold. The Donnamore property is in good standing until Aug. 15, 2022, and no further work is required to maintain this property at this time.
Financing
On July 22, 2015, the company announced a non-brokered private placement of 1.5 million units at a price of 20 cents per unit for gross proceeds of $300,000. Each unit would have consisted of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of 25 cents per share for a period of two years from closing. On Sept. 25, 2015, the company announced that the private placement had been repriced and would consist of two million units at a price of 15 cents per unit, raising gross proceeds of $300,000. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of 20 cents per share for a period of 24 months from closing. The private placement is subject to regulatory approval.
TTAGIT Social Networks Inc.
During 2015, TTAGIT continued with its development plan, which has been designed to enhance, advance and monetize the TTAGIT technology as detailed below:
- March, 2015: TTAGIT completes industry-first third party development of an Apple IOS8 action extension (which is built with Apple's new Swift language;
- April, 2015: first version of TTAGIT mobile released in Apple Store; TTAGIT pulls out of beta with the Twitter-powered extension; TTAGIT extension allows users to tweet and interact with live Twitter feeds over the top of any web page with its mobile and desktop versions;
- May, 2015: TTAGIT integrates Facebook's insights and commenting to its sharing platform for desktop;
- June, 2015: TTAGIT building its first application (Phatpen) using its technology as a back end;
- July, 2015: TTAGIT launches new website;
- October, 2015: TTAGIT completes embeddable version; TTAGIT is in the process of rebranding with a new look and logo.
"Management of the company greatly appreciates the shareholder support over the last several years. It is with such a strong shareholder base and loyalty of our shareholders that the company continues to finance and move forward in all directions," stated Lori McClenahan, president and chief executive officer of Intigold.
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