Exposure by way of share holding versus 40% direct interest are...

Exposure by way of share holding versus 40% direct interest are World's apart in value ! The risk is still if no mineable resource in project area (JV part).

The only value added is by way of exploration in the ground "only the ground rewards value by exploration success" - now IGS has no direct interest in Plumbrudge and forget about a 1% NSR adding value of significance.

Guess work only is IGS has only $50k left for 2nd 1/4 2014 and as such needed to do some thing. This is a very BAD choice for IGS SH v's Latin Gold IPO.

Current Director's fee's at approx. $83,500 per 1/4 so the $100k part of the deal only secures next 1/4 Director fee's and adds no value whatsoever to IGS !

So now if IGS needs to contribute to its ONLY real project Latin Gold (JV) it will have to do CR = dilute IGS SH or sell SEG shares. NO VALUE.