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Enter Symbol
or Name
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CA



Inca One Resources Corp
Symbol IO
Shares Issued 43,489,174
Close 2013-10-30 C$ 0.11
Market Cap C$ 4,783,809
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Inca One closes debenture offering for $275,000

2013-10-30 19:15 ET - News Release

Subject: Inca One Completes Convertible Debenture Financing Inca One Completes Convertible Debenture Financing
Marketwired
 
 
Inca One Resources Corp.
TSX VENTURE:IO
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October 30, 2013
Inca One Completes Convertible Debenture Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 30, 2013) - INCA ONE RESOURCES CORP. (TSX VENTURE:IO) ("Inca One" or the "Company") is pleased to announce that it has completed its previously announced convertible debenture offering (the "Offering") to raise gross proceeds of $275,000.

The debentures bear interest at a rate of ten percent (10%) per annum, calculated and paid quarterly in arrears. During the first year of the term of the debentures, 20% of the principal may, at the option of the holder, be converted into common shares of the Company at a price of $0.10 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 $0.10 per common share, in lieu of cash as payment for interest payable during the first year of the debentures. All common shares issued on conversion of the debentures will be subject to a statutory hold period of four months and one day.

On behalf of the Board,

INCA ONE RESOURCES CORP.

Edward Kelly, President & CEO

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

CONTACT INFORMATION:
KIN Communications
io@kincommunications.com
1-866-684-6730
1-604-684-6730
www.kincommunications.com
INDUSTRY: Manufacturing and Production - Mining and Metals

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