1920 - 1177 West Hastings
INFORM RESOURCES CORP.
1920 - 1177 West Hastings Vancouver, British Columbia V6E 2K3
INFORM CLOSES PRIVATE PLACEMENT OF UNITS ______________________________________________________________________________
July 25, 2016 TSX-V: IRR
Vancouver, British Columbia – July 25, 2016, - Inform Resources Corp. TSX.V:IRR (“Inform” or the "Company") is pleased to announce, further to its news release of June 3, 2016, that the Company has closed a non-brokered private placement of 4,300,000 units of the Company (the “Units”) at $0.05 per Unit for gross proceeds of $215,000 (the “Offering”).
Each Unit consists of one common share in the capital of the Company (a “Share”) and one share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company (a “Warrant Share”) at a price of $0.05 per Warrant Share for a period of two years from the closing of the Offering. The Company has paid cash commission in the amount of $15,050, being 7% of the aggregate proceeds from the sale of Units under the Offering to purchasers introduced to the Company by a finder.
All securities issued in connection with the Offering are subject to a statutory hold period ending on November 23, 2016 in accordance with the policies of TSX Venture Exchange and applicable securities legislation. The net proceeds of the Offering will be used for general working capital purposes.
On behalf of the Board of Directors
INFORM RESOURCES CORP.
“Andrew Cheshire”
Andrew Cheshire, Chief Executive Officer
For further general information, please contact Andrew Cheshire at 604- 343-4551.
Neither 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.
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