Intercontinental Gold and Metals Ltd V.ICAU.H

Geodex Minerals 6,865,000-share private placement

2008-11-10 15:42 CT - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement:

Number of shares:  6,865,000

Purchase price:  10 cents per share

Warrants:  6,865,000 share purchase warrants to purchase 6,865,000 shares

Warrant exercise price:  20 cents for a two-year period

Hidden placees:  10 hidden placees participated

Insiders:  Neil Humphreys, 150,000; John M. Patterson, 150,000; Jack M. Maris, 100,000; John M. Marr, 150,000; David M. Buckle, 200,000

Pro groups:  WMN Holdings Ltd., one million; Amanda Kerr, 15,000; Gregory Obertas, 500,000; Susan E. Scott Gabe, 500,000; Timothy A. Wyman, one million; Darren McDougall, 50,000