Intigold Mines Ltd. (OTCPK:IDMN.F) announced a private placement of 700,000 units at CAD 0.075 per unit for gross proceeds of CAD 52,500 on August 17, 2016. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of CAD 0.10 per share for a period of 24 months from the date of closing. The company will pay finder’s fee of up to 10% of the proceeds raised in the transaction. The transaction is subject to regulatory approval. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. Transaction involved participation from 4 placees.