Indicator Minerals, Inc. announced that the Company has completed the first tranche of it’s non-brokered private placement for aggregate gross proceeds of $925,690. Indicator Minerals, Inc. is a Canadian exploration company who’s main focus is discovering and developing economic diamond deposits. The Company issued 713,000 flow-through units at a price of $0.13 per flow-through until. Additionally, 8,330,000 non-flow-through units were issued at a price of $0.10 per non-flow-through unit. Each flow-through unit is comprised of one flow-through common share and one half of on share purchase warrant. Each whole share purchase warrant is exercisable for one common share at a price of $0.20 per share for a 24 month period following the issuance.
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