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Provider: Reuters Investment Profile
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Intigold Mines Ltd Arranges $1.1 Million Private Placement-Canada Stockwatch News


Thursday, 31 Jan 2013 01:14pm EST 

Canada Stockwatch News reported that Intigold Mines Ltd. has negotiated a non-brokered private placement of up to 10 million units at a price of 11 cents per unit to raise gross proceeds of up to $1.1-million. Each unit will consist of one common share and one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of 15 cents per share for a period of two years from closing. The private placement is subject to regulatory approval. The company will pay finders' fees of up to 10% of the gross proceeds raised, payable in cash or shares, or a combination of both. The proceeds of the private placement will be used for exploration expenditures and for general working capital. 

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