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Inca One Conducts $3.0 Million Drawdown On Gold Pre-Payment Facility

Production growth is set to come to Inca One Gold (TSXV: INCA). The firm yesterday afternoon revealed that is has
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Production growth is set to come to Inca One Gold (TSXV: INCA). The firm yesterday afternoon revealed that is has exercised its second tranche of funds to be provided by OCIM Precious Metals SA, resulting in further funding for the company.

The funding exercised was in connection with a previously announced $9.0 million gold pre-payment facility established by the company this past August. With $6.0 million in funding accessed under the first tranche earlier this year, the second tranche amounted to a total of $3.0 million.

The facility was accessed followed continued increase demand for the firms mineral processing operations in Peru. Funds are to be contributed to working capital, enabling further gold-bearing feedstock purchases for its processing operations. This, in turn, is expected to drive production growth for the company.

Inca One Gold last traded at $0.33 on the TSX Venture.


FULL DISCLOSURE: Inca One Gold Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Inca One Gold Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

The post Inca One Conducts $3.0 Million Drawdown On Gold Pre-Payment Facility appeared first on the deep dive.


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