LAS VEGAS, NV--(Marketwire - March 16, 2012) - Indemia Gold Inc. (
The Company has outlined a gridded geochemical sampling program expected to commence within the next few weeks. The purpose of the program will be to identify anomalous areas of mineralization within the Project area. The results will be analyzed and allow the Company to restart operations in the highest mineralized areas of the property.
The Company is also presently speaking with accredited investors in regards to completing a private placement of restricted common stock at a premium to current market prices. Proceeds will be utilized to fund upgrades to onsite Project infrastructure and acquire additional heavy machinery. The goal will be to improve output and recovery levels of gold and platinum at the Project.
Additionally, in an effort to maintain the highest level of corporate transparency, the Company plans to inaugurate new members to its board of directors. Indemia believes that a strong corporate board will make the Company more attractive to institutional investors.
Lastly, Indemia Gold would like to note that it is not aware of any reason for the unusual activity in the share price of the Company. The corporate goal is to deliver long-term shareholder value. The principles of the Company hold restricted stock and short-term fluctuations should be attributed to speculators.
About Indemia Gold Inc.
Indemia Gold is a results-driven precious metal mining company focused on monetizing the mineral wealth of Colombia. Its mission is to create shareholder value through near-term gold and platinum production at its flagship Choco Placer Mine and long-term development of district-scale hard rock projects with multi-million ounce resource potential. This two-pronged approach reduces risk for stakeholders through organic growth and minimal dilution while leaving upside potential intact. For more information on the Company, visit the corporate website at www.indemiagold.com.
This news release may include "forward-looking statements" regarding Indemia Gold Inc. and its subsidiaries. Such forward-looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Indemia Gold Inc. expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Indemia Gold Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.