Inca One is pleased to give an update on the Chala One milling facility upgrade as it remains fully funded, on schedule and on budget for 100 TPD capacity by the end of Q4 2014. The first 50TPD ball mill being manufactured in Lima Peru, is over 70% complete and expected to be delivered to the Chala One site by the end of September. In addition, the [...]
Inca One is pleased to announce that it has entered into an amended subscription agreement with respect to the final tranche of its previously announced bond financing. The first tranche of the Bond Financing closed on June 3, 2014, for gross proceeds of $2,700,000. Under the terms of the Amended Subscription Agreement, the closing of the final [...]
Peru's new high commissioner for mining formalization, former army general Augusto Soto Castañola has ordered an all-out assault on the 40,000 illegal miners operating in the jungles of Peru. A multi-force police operation has been burning down mining camps along the Inter-Oceanic Highway linking Peru and Brazil - destroying boat engines [...]
Inca One Resources is pleased to provide an update on the Company's Phase I Chala One Plant expansion in Arequipa. Highlights: Engaged Peruvian engineering firm with considerable experience in building milling facilities up to 300 TPD. New 50 TPD ball mill has been ordered with arrival expected in Q3. Stockpiling ore and negotiating ore supply [...]
Inca One announces that pursuant to the Company's Stock Option Plan, the Board of Directors has authorized the granting of incentive stock options to directors, officers, consultants and employees of the Company to acquire an aggregate of 2,050,000 common shares of the Company. The options have an exercise price of $0.15 per share and are [...]
Inca One Resources is pleased to announce that it has closed the first tranche of its previously announced bond financing for gross proceeds to the Company of $2,700,000. Pursuant to the Bond Financing, the Company's wholly-owned subsidiary issued a three year bond, which will bear interest at a rate of 10% per annum, calculated and payable [...]
Inca One Resources is pleased to announce that it has closed its previously announced non-brokered private placement of debentures for gross proceeds to the Company of $325,000. The Company also wishes to confirm that the bond financing announced on May 20, 2014 has been fully subscribed. A finder's fee of 4% of the gross proceeds of $325,000 [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2014) - INCA ONE RESOURCES CORP. (TSX VENTURE:IO) ("Inca One" or the "Company") is pleased to announce a non-brokered private placement (the "Bond Financing") of bonds (the "Bonds") in the amount of $5,500,000. In addition, the subscriber of Financings has the first right of refusal to purchase up [...]
Inca One is pleased to announce a non-brokered private placement of bonds in the amount of $5,500,000. In addition, the subscriber of Financings has the first right of refusal to purchase up to $15,000,000 in future debt or equity financings of the Company. Highlights of the Financing include the following: Funds to increase throughput at Chala by [...]
Inca One Resources is pleased to announce a non-brokered private placement of debentures in the amount of $325,000. The Debentures will bear interest at a rate of 10% per annum, calculated and paid quarterly in arrears. During the first year of the term of the Debentures, 25% of the principal may, at the option of the holder, be converted into [...]
Inca One Resources is pleased to announce the recovery of 172.36 ounces of gold and 78.58 ounces of silver from the latest harvest of activated carbon at the Company's Chala gold milling facility located in Chala, Peru, during the period between December 6, 2013 and February 7, 2014. The harvest was obtained from the Chala plant as it continued [...]
Inca One Resources is pleased to announce the company has begun construction on a significant performance and capacity upgrade to its Chala One gold milling facility located in Chala, Peru. This upgrade will mark a 100% increase to the current 25TPD capacity and allows the company to process up to 50 TPD. Under the formalization process Chala One [...]