Indigo Exploration announces $600,000 Private Placement2023-02-09 News Release
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2023) - Indigo Exploration Inc. (TSXV: IXI) (FSE: INE) (the "Company") announces that it proposes to undertake a
non-brokered private placement of up to 10,000,000 units (the "Units") at a
price of $0.06/Unit to raise total gross proceeds of up to $600,000 (the "Offering"). Each Unit will be comprised of
one common share and one half warrant. Each
whole warrant will entitle the holder thereof to purchase
one common share for a period of
2 years at a price of $0.10. The gross proceeds received from the sale of the Units will be used for work programs on the Company's exploration properties and for general working capital.
The Units will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.
All securities issued and sold under the Offering will be subject to a hold period
expiring four months and one day from their date of issuance. Completion of the Offering remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. About Indigo Exploration Inc.
Indigo holds a 100% interest in 18 Metallic and Industrial Minerals permits in central Alberta, Canada total 147,904 hectares (147.9 km2) covering subsurface Devonian reef reservoir aquifers with the potential to produce large volumes of lithium-bearing formation brine.
ON BEHALF OF INDIGO EXPLORATION INC.
per: "Paul Cowley"
CEO & President
(604) 340-7711
pcowley@indigoexploration.com
www.indigoexploration.com 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.