Indigo Exploration Completes Early Warrant Exercise Incentive Program
Indigo Exploration Completes Early Warrant Exercise Incentive Program
May 13, 2021- Vancouver, British Columbia. Indigo Exploration Inc. (the “Company”) (TSX-V: IXI,
FSE: INE) is pleased to report that pursuant to the Company’s early warrant exercise incentive program
(the “Incentive Program”) as announced on March 24, 2021 and March 26, 2021, certain warrant holders
h a v e exercised a total of 5,058,333 warrants for total gross proceeds to the Company of
$505,833.30. The Company issued 5,058,333 shares upon exercise of the warrants and 5,058,333
incentive warrants. Each incentive warrant entitles the holder to acquire an additional common share of
the Company at a price of $0.1 5 per share until May 11, 2024. The incentive warrants and any shares
issued upon exercise of the incentive warrants are subject to a hold period expiring on September 12,
2021. Funds raised will primarily be used to drill the Djimbala gold project in Mali, West Africa, which
will begin this month.
The Company has incurred cash finder’s fees totaling $ 19,800 in connection with the Incentive
Program.
The balance of the 9,941,667 warrants that were not exercised under the Incentive Program will remain
outstanding and continue to be exercisable for common shares of the Company at a price of $0.10
per share until the original expiry of May 15, 2023.
On Behalf of the Board of Directors,
per: “Paul Cowley”
President and CEO 604-340-7711 [email protected] www.indigoexploration.com
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Caution regarding forward looking statements
Certain of the statements made and information contained in this press release may constitute forward-looking
information and forward-looking statements (collectively, “forward-looking statements”) within the meaning of
applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. The
words “will”, “expect”, “plan,” “intend” and similar expressions identify forward-looking statements. In particular, this
press release contains forward-looking statements including, without limitation, with respect to the proposed Incentive
Program, the receipt of approval of the Exchange and the intended use of proceeds.
Forward-looking statements, while based on management’s best estimates and assumptions, are subject to risks and
uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-
looking statements, including but not limited to: risks related to receipt of regulatory approvals and the granting of exploration
and mining permits; risks related to general economic and market conditions; risks related to currency fluctuations; risks
related to the availability of financing; the timing and content of upcoming work programs; actual results of proposed
exploration activities; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks
of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations.
Although the Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated,
estimated or intended. These could include delays caused by the Covid -10 pandemic, unsuccessful exploration results,
changes in the price of gold or the failure to obtain permits as anticipated or at al l. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. The list provided is not exhaustive. Accordingly, readers should not place undue reliance on forward-
looking statements. The Company undertakes no obligation or responsibility to update forward-looking statements, except
as required by law.