Symbol: IGD - TSX.V
IDMNF (U.S. OTCQX)
Vancouver, BC, January 31, 2013, Intigold Mines Ltd. ("Intigold or the "Company"), is pleased to announce that the Company has negotiated a non-brokered private placement of up to 10,000,000 units at a price of $0.11 per unit raising gross proceeds of up to $1,100,000. Each unit will consist of one common share and one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase one additional common share at a price of $0.15 per share for a period of two years from closing. The private placement is subject to regulatory approval.
The Company will pay finder's fees of up to 10% of the gross proceeds raised, payable in cash or shares or a combination.
The proceeds of the private placement will be used for exploration expenditures and for general working capital.
For information on Intigold and its projects, please visit us at www.intigold.com or call Lori McClenahan, President at 604-669-4677.
INTIGOLD MINES LTD.
(signed "Lori McClenahan")
Neither the 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.