Inca One to Launch Direct to Customer Gold and Silver Bullion Store
Vancouver, May 28, 2020 - Inca One Gold Corp. (TSXV: IO) (FSE: SU92) (SSEV: IOCL) ("Inca One" or the "Company") is pleased to announce the future launch of its online bullion store providing collectors and investors an opportunity to purchase gold directly from the Company.
Upon the onset of the global pandemic, Inca One recognized the immediate need for precious metal investors access to purchase gold and silver bullion. As a result, the Company views this as an ideal opportunity to begin selling its gold and silver directly to the retail bullion investor. With the official launch scheduled for June, the Company's bullion store will initially offer 1-ounce gold coins and will add additional products, including silver options in the future. The Company will stamp and mint the inaugural, Peruvian-themed coins unique to the Inca One gold and silver bullion store.
The Company will become one of only a handful of public issuers to offer their own production in the form of gold coins. The bullion will exclusively be made available through Inca One's online bullion store. The Company will distribute its specialized, inaugural coins in a streamlined and user-friendly experience with worldwide shipping and order tracking.
"We are incredibly pleased to offer a convenient, secure and vertically integrated alternative for customers wishing to purchase precious metals," stated Edward Kelly, President and CEO of Inca One. "This new online service is another milestone for Inca One as we join a limited few precious metal producing peers. We will be offering bullion from Peruvian small-scale miners who have had their ore processed at one of our gold-ore processing facilities."
Sales from the online bullion store are expected to provide increased margins to the Company from direct sales but, most importantly, will offer an intrinsic value through enhanced marketing and promotional opportunities. As an additional benefit to shareholders, it is the Company's intention to make the gold coins available to Inca One shareholders at a preferred rate. Furthermore, additional value will translate through to the Peruvian small-scale miners and solidify Inca One as the processor of choice, providing the best service and experience, whilst minimizing wealth extraction from the Peruvian economy.
To be among the first to be notified with updates about our new online bullion store please click on this link, Inca One Bullion Store, and sign up for future updates.
About Inca One
Inca One Gold Corp. is a TSX-V listed, small-cap, gold producer operating two, fully permitted, gold ore processing facilities in Peru. Peru is the world's sixth-largest producer of gold and its small-scale mining sector is estimated by government officials to be valued in the billions of dollars annually. The Company, now in its sixth year of commercial production, is led by an experienced and capable management team that has established Inca One Gold as a trusted leader in servicing government permitted, small scale miners in Peru. Inca One Gold possesses a combined 450 tonnes per day permitted operating capacity at its two fully integrated plants, Chala One and Kori One, and is targeting a fourth consecutive year of increased production and sales growth.
On behalf of the Board,
Edward Kelly
President and CEO
Inca One Gold Corp.
For More Information Contact:
Konstantine Tsakumis
Inca One Gold Corp.
ktsakumis@incaone.com
604-568-4877
NEITHER THE 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 NEWS RELEASE.
Statements regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the fact that future operational results may not be accurately predicted based on this limited information to date. Except as required by law, the Company does not intend to update any changes to such statements. Inca One believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included herein should not be unduly relied upon.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
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