INCA ONE GOLD CORP NEW - INCAF STOCK NEWS

Inca Gold Corp. (TSXV: INCA.H) has announced an extension of the Stay Period under the Companies Creditors Arrangement Act (CCAA) until October 7, 2024. This extension was granted by the Supreme Court of British Columbia through a Second Amended and Restated Initial Order. The company had previously issued press releases on June 4, June 14, and July 25, 2024, regarding the CCAA proceedings. Investors and stakeholders can find additional information about the CCAA proceeding on the Monitor's website. This development indicates that Inca Gold Corp. is continuing to navigate financial challenges and restructuring efforts under court protection.

Inca One Gold Corp. (TSXV: INCA.H) (OTC Pink: INCAF) has received court approval for a Claims Process Order as part of its ongoing Companies' Creditors Arrangement Act (CCAA) proceedings. The order establishes a process for calling and adjudicating all claims against the company. Known creditors will receive a Claims Notice, while others must submit a Proof of Claim Form or Director/Officer Claim Form. The Claims Bar Date is set for September 16, 2024, at 4:00 p.m. (PST). Restructuring Claims have a separate deadline. All claims not received by the applicable deadline will be barred and extinguished. The court-appointed Monitor, FTI Consulting Canada Inc., will oversee the process. Detailed information and forms are available on the Monitor's website.

Inca One Gold Corp (TSXV: INCA.H, OTC: INCAF) has announced an extension of its Stay Period under the Companies Creditors Arrangement Act (CCAA) until August 26, 2024. The company has also secured a Debtor-In-Possession Term Loan (DIP Loan) of up to US$1 million for working capital and CCAA-related costs.

The DIP Loan includes two tranches: US$750,000 and US$250,000, with a 5% drawdown fee and 20% annual interest rate. In connection with the loan, Inca One will issue 5 million share purchase warrants at C$0.10 per share, valid for 12 months.

The company's plants are currently on care and maintenance as it prepares to restart operations post-CCAA. Inca One is using this period to restructure existing liabilities and secure new funding, aiming to capitalize on the robust gold price and strengthening precious metals market.

Inca One Gold Corp. (TSXV: INCA.H, OTC Pink: INCAF, FSE: SU92) announced that the Supreme Court of British Columbia has extended the Stay Period under the Initial Order until July 22, 2024. This decision follows the company's earlier press release on June 4, 2024. Investors can find additional information regarding the CCAA proceeding on the Monitor's website.

On June 3, 2024, Inca One Gold Corp (TSXV: INCA, OTCQB: INCAF, FSE: SU92) obtained creditor protection from the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act (CCAA). This move follows a default notice from OCIM Precious Metals due to a missed gold loan payment. The Initial Order includes a 10-day stay of proceedings and the appointment of FTI Consulting Canada Inc. as the monitor. The board and management will continue operating under the monitor's oversight. Subsidiaries are unaffected, and the company is committed to preserving its business value.

Inca One Gold Corp (TSXV: INCA, OTCQB: INCAF, FSE: SU92), a gold producer in Peru, has provided an update regarding a loan default with OCIM Precious Metals. Following an announcement on April 8, 2024, about a missed gold loan payment, the company has now received a Notice of Intention to Enforce Security from OCIM on May 23, 2024. This notice involves enforcing security over Inca One's Peruvian subsidiaries, including the Chala One processing plant. The company is currently negotiating with OCIM to resolve the issue in the best interests of its stakeholders.