International Gold Resources Opens Second Round of Private Placements
May 11 2006 - 1:17PM
Business Wire
International Gold Resources Inc. ("IGR") (OTCBB:IGRU) is pleased
to announce the commencement of its second round of financing. IGR
closed its first round of private placement on March 31, 2006 after
having raised $2,357,800 through the sale of 1,571,864 common
shares (post share split). The second round of private placements;
starting April 1, 2006 in which IGR plans to offer 2,860,000 shares
at $1.75 per share, for a total of $5,005,000, if all the shares
are sold. About International Gold Resources, Inc. The vision of
International Gold Resources, Inc. (IGRU) is to secure, explore,
and develop properties in Amapa State, Brazil. Our Brazilian
mineral properties are comprised of approximately 210,000 hectares
(520,000 acres) within the Brazilian Amapa belt, part of the
Precambrian Guyana Shield. To date, over 50 million ounces of gold
have been recovered in the Guyana Shield, the most prolific gold
belt in South America. At this time, we are a junior mining firm,
with both immediate and future production potential. The statements
in the press release that relate to the company's expectations with
regard to the future impact on the company's results from new
products or actions in development are forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995. The statements in this document may also contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Since this information may contain statements
that involve risk and uncertainties and are subject to change at
any time, the company's actual results may differ materially from
expected results.
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