November 17, 2014 – Vancouver, British Columbia. Indigo Exploration Inc. (TSX-V: IXI, FSE: INE) has arranged a non-brokered private placement of up to 6,250,000 units priced at $0.02 per unit for total gross proceeds of up to $125,000.
Each unit will be comprised of one common share and one warrant, with each warrant exercisable to acquire one additional common share for a period of three years, at an exercise price of $0.05 per share. A finder’s fee equal to 6% of proceeds may be paid in cash or units. All securities issued pursuant to the private placement will be subject to a four month hold.
The private placement will be subject to TSX Venture Exchange approval.
Proceeds of the private placement will be used for general working capital.
On Behalf of the Board of Directors,
President and CEO
For further information, please contact:
Paul Cowley: (604) 340-7711
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.