07:54:44 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Inca One Resources Corp
Symbol IO
Shares Issued 43,489,174
Close 2013-10-16 C$ 0.08
Market Cap C$ 3,479,134
Recent Sedar Documents

Inca One Resources names Moen COO

2013-10-17 08:40 ET - News Release

Mr. Edward Kelly reports

INCA ONE APPOINTS GEORGE MOEN AS CHIEF OPERATING OFFICER

Inca One Resources Corp. is appointing George Moen as chief operating officer.

Mr. Moen was former president of Blenz Coffee from 2007 to 2012, and used his expertise to grow the franchise to more than 100 locations around the world. He has extensive experience and knowledge in operations management specializing in transitioning small businesses into big business success stories via strategic planning and growing cash flow.

"Mr. Moen is an excellent fit to strengthen our team, manage, acquire and build our cash flow in Peru," states Edward Kelly, president and chief executive officer of Inca One. "He is our largest shareholder, and we recognize his passion and his commitment to building a large cash flowing business. As the company advances to production, a professional with the experience of Mr. Moen will be invaluable in senior management."

The company also announces it is proceeding to close with its previously announced convertible debenture offering to raise gross proceeds of $275,000.

The debentures will bear interest at a rate of 10 per cent per year, calculated and paid quarterly in arrears. During the first year of the term of the debentures, 20 per cent of the principal, at the option of the holder, may be converted into common shares of the company at a price of 10 cents per common share. In addition, the holder will have the option to receive common shares of the company, to be issued a deemed price of 10 cents per common share, in lieu of cash as payment for interest payable during the first year of the debentures.

The debentures are redeemable by the company at any time following three years after closing of the offering. It is anticipated that the debentures will be secured by a security interest in all of the company's present and after acquired property pursuant to a security agreement. Finders' fees may be payable in respect of the placement in accordance with the rules of the TSX Venture Exchange, and the placement remains subject to the approval of the TSX Venture Exchange.

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