Indigo Exploration Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Indigo Exploration Inc
Perm ID: 1-5000582626
https://www.indigoexploration.com/
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Indigo Exploration Closes $1,325,444 Over-Subscribed Private Placement Financing
Indigo Exploration Inc. closed an over-subscribed private placement, issuing 22,090,737 units at $0.06 each, raising $1.33 million. Proceeds will fund uranium project exploration and general working capital. An insider participated, exempt from certain regulations.
Indigo Exploration Announces Extension of Private Placement
Indigo Exploration Inc. announces an extension from the TSX Venture Exchange to complete a private placement of up to 20 million units at $0.06 each, aiming for $1.2 million in proceeds for exploration and working capital, with a new deadline of April 15, 2025.
Indigo Exploration Announces Date for Share Consolidation
Indigo Exploration Inc. will consolidate its shares on March 10, 2025, at a rate of 2:1, reducing its outstanding shares from 66,538,020 to approximately 33,269,010. Trading will continue under the symbol IXI, and shareholders will receive instructions for exchanging certificates.
Indigo Exploration Inc. Announces Share Consolidation and Financing
Indigo Exploration Inc. plans a 2-for-1 share consolidation pending TSX-V approval to enhance financing flexibility and market perception. Post-consolidation, shares will reduce to approximately 32.9 million. The company will also conduct a private placement for up to $1.2 million.
Indigo Encounters More than 160 Uranium Intercepts from Phase 1 Drilling on Shirley Basin Project, Wyoming
Indigo Exploration Inc. announced successful drill results from its uranium project in Wyoming, with over 90% of holes encountering uranium. The Phase 1 program recorded 165 uranium intercepts across 48 holes, indicating significant mineralization in the area.
Indigo Completes Phase 1 Drilling on its Uranium Project in Shirley Basin, Wyoming
Indigo Exploration Inc. has completed 48 out of 50 drill holes in its uranium project in Wyoming's Shirley Basin, exploring areas with past favorable results. The campaign aims to assess uranium mineralization and develop a stratigraphic model. Results are pending.
Indigo Commences Drilling on its Uranium Project in Shirley Basin, Wyoming
Indigo Exploration Inc. has launched a 50-hole drilling program at its uranium project in Wyoming's Shirley Basin, aiming to explore mineralization and develop a stratigraphic framework. The project is adjacent to other significant uranium operations and will take about 10 days.
Indigo Announces Annual General Meeting Details and Proxy-Related Materials Filing
Indigo Exploration Inc. announced its Annual General Meeting on December 12, 2024, and provided proxy materials due to a postal strike exemption. Shareholders will vote on financial statements, elect directors, re-appoint auditors, and approve the Stock Option Plan.
Indigo Obtains Approval for Loans
Indigo Exploration Inc. has received approval from the TSX Venture Exchange for loans totalling $170,000, with an interest rate of 10% per annum and a one-year term. The funds will be used for exploration work on the company's Hot Property uranium project in Wyoming and for general capital purposes. The company has issued 680,000 bonus shares to the lenders. Two of the lenders are company directors who have provided $10,000 each in loans, which are considered "related party transactions" and are exempt from certain requirements due to their value not exceeding 25% of the company's market capitalization.
Indigo Enters into Loan Agreements
Indigo Exploration Inc. has secured loan agreements totaling $170,000, which will be used for exploration work on its Hot Property and for general capital purposes. The loan, with a 10% per annum interest, is due to the lenders within 12 months, and the company has also agreed to issue 680,000 bonus shares to the lenders at $0.05 per share. Two of the lenders are company directors loaning $10,000 each, which is considered a "related party transaction" but is exempt from certain requirements due to its value not exceeding 25% of the company's market capitalization.
