Inform Resources TSX.V:IRR 409
Inform Resources TSX.V:IRR 409 Granville Street, Suite 150 +1 (604) 681-5672
INFORM ANNOUNCES SHARE CONSOLIDATION AND FINANCING
Vancouver, British Columbia – September 27, 2013, - Inform Resources Corp. TSX.V:IRR (“Inform” or the "Company") announces a consolidation of the authorized and issued common shares of the Company (the “Common Shares”) on the basis of a one (1) post-consolidated Common Share for each eight (8) pre-consolidation Common Shares (the “Consolidation”).
Following the Consolidation, the Company will conduct a non-brokered private placement pursuant to which the Company will issue an aggregate of up to 10,000,000 units (the “Financing Units”), consisting of one common share and one whole common share purchase warrant, at a price of $0.05 per Financing Unit to raise gross proceeds of up to $500,000 (the “Financing”). In connection with the Financing, the Company will pay a 8% cash finder’s fee. The proceeds from the Financing will be used for general working capital.
The Consolidation and Financing remain subject to Exchange approval. All securities issued in connection with the Financing will be subject to a four month resale restriction.
The Company further wishes to announce the resignations of Rob McLeod and Jason Howe as directors. We thank Messrs. McLeod and Howe for their contributions to the Company and wish him success in his future endeavors.
The Company has also appointed two new directors: Morgan Tincher and Christopher R. Cooper. Mr. Tincher and Mr. Cooper bring capital raising expertise to the Company. Mr. Cooper will also be taking over as President and CEO from Aaron Keay, who will remain on as director of the Company.
About Inform Resources Corp.
Inform Resources Corp. is a TSX-V listed exploration company (TSX-V: IRR) based in Vancouver, BC, Canada. Inform Resources is focused on the acquisition and discovery of economic mineral deposits in the Yukon. The Company’s current exploration portfolio includes projects in the prolific Tintina Gold Belt. The Company’s management and technical advisory team’s successes include past discoveries as well as currently producing mines in the Yukon. Additional information is available at www.informresources.com.
ON BEHALF OF THE BOARD
“Aaron Keay”
Aaron Keay, Director +1 (604) 678-4024 [email protected]
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.