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| Home : International Gold Corp. Enters Into Loan Short Term Agreement |
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Jun 28
2011 |
International Gold Corp. Enters Into Loan Short Term Agreement |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 28, 2011) - International Gold Corp. (OTCQB:ITGC) ("IGC" or the "Company") is pleased to announce that it entered into a Loan Agreement (the "Loan Agreement") with Roger Brian Ashton effective June 17, 2011, pursuant to which the Company will borrow US$75,000 from Mr. Ashton at an interest rate of 10% per annum calculated and compounded yearly. Pursuant to the terms of the Loan Agreement, the Company is obligated to pay the outstanding principal balance of the loan and any outstanding interest on the date that is 45 calendar days from June 17, 2011, and the Company has the privilege of prepaying the principal amount in whole or in part at any time, without notice, bonus or penalty. The Company intends to use the funds for the Company's ongoing business operations. |
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| Source:http://www.marketwire.com/mw/release.do?id=1532069&sourceType=3 |
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