Inca One Announces Closing $2 Million Private Placement

Inca One Resources Corp.(TSXV:IO) announced closing a private placement of 5,000,000 units at $0.40 per unit for gross proceeds of $2,000,000.

As quoted in the press release:

The expiry date of the warrants may be accelerated by the Company if its shares trade at $1.00 or higher for 10 consecutive
trading days. All securities issued under the private placement are subject to a four month hold period
expiring November 1, 2011. The Company shall pay $143,190 and issue 87,750 shares as finders’ fees on this private placement

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