So the deadline to fill the private placement is fast approaching, and I can only assume that it has been filled as I still have not received my documentation. I certainly hope that this is the case, as I know that I am not the only one that was told that we would be emailed the necessary paperwork.
I also trust that the proceeds will be spent wisely and will help the company stay above water for a while. In the best interest of our company, I have faith that the directors have stepped up to the plate and took part in the PP, and by this I mean buy into it, not reap the rewards from it.
I would think that in a time of financial distress that any insider would forfeit this fee for the best interest of the company. Even though this IGD private placement could not be filled, Mr. Lachance was still willing to take his cut from it.
Source MARKET NEWS
Date 09/14/2012
Time 01:35:50 PM
Company Intigold Mines Ltd.
TitlePrivate
Placement Non Brokered
INTIGOLD MINES LTD. ("IGD")
- Private Placement-Non-Brokered
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a the First Tranche of a Non-Brokered Private Placement announced June 25,
2012 and September 10, 2012:
Number of Shares: 719,500 shares
Purchase Price: $0.25 per share
Warrants: 719,500 share purchase warrants to purchase 719,500 shares
Warrant Exercise Price: $0.35 for a one year period
$0.45 in the second year
Number of Placees: 7 placees
Finders' Fees: Gerald Josephson $2,500 cash payable
Robert Lachance $6,987.50 cash payable