News Release 2012-11
June 25, 2012
Vancouver, BC, June 25, 2012, Lori McClenahan, President of Intigold Mines Ltd. (the “Company”), announces today that the Company has arranged a non-brokered private placement of 10,000,000 units at a price of $0.25 per unit, for total proceeds of $2,500,000. Each unit will consist of one common share of the Company and one non-transferable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the Company for a period of two years following closing, at a price of $0.35 during the first year and $0.45 during the second year. The private placement is subject to regulatory approval.
The Company will pay finder’s fees of up to 10% of the gross proceeds raised, payable in cash, units or a combination thereof.
The proceeds of the private placement will be used for exploration expenditures on the Company’s properties and for general working capital.
For information on Intigold and its projects, please visit us at www.intigold.com or call Lori McClenahan, President at 604-669-4677 or toll free at 1-888-895-5522:
INTIGOLD MINES LTD.
(signed “Lori McClenahan”)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement