Further to its news release dated July 29, Indico Resources announces that it has now closed a debt settlement transaction to settle an aggregate of $12,633.43 in debt representing the interest on the loan advanced by Stonehouse Construction Private to the Company under a convertible debentures private placement with Stonehouse and certain other debt relating to foreign exchange charges. In full and final satisfaction of [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 8, 2013) - Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE:IDI). As a result of a review by the British Columbia Securities Commission (the "BCSC"), Indico is issuing the following news release to clarify our disclosure. Based on the review completed by the BCSC, certain information provided in a summary on the "Ocaña Projects" page of the Company's website (the "Ocaña Summary"), in the Company's news releases dated January 9, 2013 and June 27, 2013, in a corporate presentation entitled "Porphyry & Skarn Copper-Molybdenum-Gold Mineralization" dated June 26, 2013, which was posted on the Company's website (the ... [...]
Indico announces that further to the closing of the convertible debentures private placement with Stonehouse Construction Private as announced in the Company's news release of July 25, 2013, the Company intends to settle an aggregate of $12,633.43 in debt representing the interest on the loan advanced by Stonehouse to the Company under the Convertible Debentures and certain other debt relating to foreign exchange [...]
Indico Resources announces that further to its news releases of May 22 and June 26, 2013, the Company held a special meeting of its shareholders on July 15. At the Meeting, an ordinary resolution of disinterested shareholders was passed approving the potential creation of a new control person arising from the issuance of convertible debentures to Stonehouse Construction Private. Pursuant to the terms of the Private [...]
Indico announces that, further to its news releases May 22, 2013 and June 26, 2013, wherein it was announced the proposed Alliance and $1.5 million investment by Singapore-based Stonehouse Construction Private, the Company also wishes to announce the closing of the initial tranche of $575,000 and the finalization of the Project Development Plan and Alliance Agreement among Stonehouse and the Company which will shift the [...]
Indico announces that further to its news release of May 22, 2013, the Company has closed the first tranche of a non-brokered private placement of convertible debenture with Stonehouse Construction Private Limited, a Singapore company, in the principal amount of $574,769.03. The Convertible Debenture is due to mature on the earlier of the date upon which Stonehouse makes demand for payment in writing and June 24, 2014 and [...]
Indico announces that it has entered into private placement subscription agreements with Stonehouse Constructions for the placement of convertible debentures in the aggregate principal amount of $1,500,000 and bearing interest at an initial rate of 8% per annum. The Convertible Debentures are convertible in whole or in part into a maximum of 13,636,363 units at a price of $0.11 per Unit. Each Unit will be comprised of one [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/29/13 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI) announces that it has been granted an extension on the 2013 payment due in connection with the Company's acquisition of a 100% interest in the Ocana Porphyry Cu-Mo-Au Project (the "Ocana Property"). The third tranche payment of US$520,000 initially due on April 20, 2013 will now be due on May [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/01/13 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI)(OTCQX: IDIFF) is pleased to announce the extension of the closing date of a binding Memorandum of Understanding ("MOU") with the Peruvian owners of Cia Minera Maria Reyna S.A. of Lima, Peru (the "Vendors") wherein Indico will acquire an indirect 51% interest and further be granted an exclusive [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/15/13 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI) is providing this update regarding trading in the Company's securities on the OTCQX. As announced in the Company's news release dated December 21, 2012, Indico was named in an Order of Suspension of Trading (the "Order") dated December 20, 2012 from the US Securities and Exchange Commission [...]
Indico Resources is pleased to provide the final encouraging drill results from the Phase 2 drilling campaign at the Ocana Cu-Au-Mo porphyry in Arequipa Region, Southern Peru. In Phase 2, a total of 4733 metres were drilled in 19 holes; the additional significant assay results from holes received since the last news release are shown in Figure 1 and Table 1, and all significant intersections are listed in Table 2. The [...]
Indico is providing this update regarding trading in the Company's securities. The Company was named in an Order of Suspension of Trading dated December 20, 2012 from the US Securities and Exchange Commission. Pursuant to the Order, trading in the Company's securities on the OTCQX is suspended from December 20, 2012, through 11:59 p.m. EST on January 4. According to the Order, the SEC states that, "It appears to the SEC [...]