|July 29, 2016|
Indico Reports Results from Annual General and Special Meeting
|Vancouver, British Columbia - Indico Resources Ltd. ("Indico" or the "Company") (TSX-V: IDI) today announces that all resolutions proposed at its Annual General and Special Meeting held on July 29, 2016, were duly passed.|
Shareholders of Indico (the "Shareholders") passed a resolution to transfer substantially all of the assets of the Company being all of the shares of Indico Peru S.A.C., a wholly owned subsidiary of the Company, to Aruntani S.A.C. in exchange for a payment of US$6,000,000 and a 1% net smelter return over the mineral project known as the Irmin Copper Project (the "Transaction"). For further information regarding the Transaction, please see the Company's news release dated May 20, 2016.
Shareholders appointed the following people to the Company's board of directors (the "Board"):
The Company would also like to thank all outgoing directors for their service to Indico and wish them well on their future endeavours, specifically Henk van Alphen, David Savage, Tareq Damerji, Asgari Stephens and Luis Alva.
About Indico Resources Ltd.
Indico is a mineral resource exploration company focused in the discovery and exploration of porphyry copper-gold deposits in South America.
On behalf of Indico Resources Ltd.
President and Chief Executive Officer
Vancouver: +1(778) 928-1864 / Lima: +51-936762648
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View the release in PDF format:
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