Indo Global Exchanges Pte Ltd (IGEX)

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ACQUISITION CANCELLATION AND NEW INTERNAL GREAT AGREEMENT OF DESTINATION OF THE FINANCING ($8,440,000 CASH) FOR THE FIRST IMPORTANT MERGER
Press Release | 05/23/2022


ACQUISITION CANCELLATION AND NEW INTERNAL GREAT AGREEMENT OF DESTINATION OF THE FINANCING ($8,440,000 CASH) FOR THE FIRST IMPORTANT MERGER



Fruit of the enormous quantity of impertinent and unfortunate phone calls and absurd and inappropriate emails CODISINCA CORP received last Thursday afternoon and all Friday made by intraday speculators and supposed non-accredited IGEX investors and fake shareholders, which have generated an unbearable amount of tension between IGEX and the seller, both parties, by mutual agreement, have resolved to cancel the option purchase agreement that bound them in relation to the high-mineral fluvial sands in the terms initially agreed upon and give each other a much needed period for reflection until the procurement of the results of the two counter-analysis IGEX commissioned to two prestigious mineral experts in Belgium and China.



Regretting the abhorrent situation caused by irresponsible and misguided third-parties in name and false representation of IGEX, we want to thank and acknowledge the formidable professionalism of the CODISINCA CORP team as well as its extraordinarily humane disposition which we have been dealing with these past few weeks.



As the silver lining of this situation, the CEO of IGEX, meeting with the Board of the Preferred Shareholder of the Company all of yesterday, Sunday afternoon, analyzing the current situation and projecting the immediate future of our IGEX, has ensured that the financing ($8,440,000) from and approved by the preferred shareholder so that the already cancelled deal (sands) was closed, is maintained and available for being applied in order to finally push the first and exciting of the THREE MERGERS which in the final phase of due diligence in perfect status, are being structured since the past November and thanks to our contribution of this important liquidity fund, we have no doubt it will be a marvelous reality in a very, very short span of time.



To finish off for today, we hope during the following week we will be able to give a definitive confirmation about the cancellation and return to the treasury of IGEX the 400 million of common shares already agreed and just pending refinement on the part of the Transfer Agent.



This press release includes forward-looking statements, which are based on certain assumptions and reflects managements current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify, develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matter not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at http://www.sec.govand in OTC Markets at http://www.otcmarkets.com



SOURCE: The Mineral Company (f/k/a Indo Global Exchange(s) Pte. LTD)

Email: [e-mail], Twitter: @IGEX_Official, Telephone: [phone]