Per IGS Ann 21/01/2015; Prior to "Dog Project" acquisition...

Per IGS Ann 21/01/2015;

Prior to "Dog Project" acquisition satisfy debit (loans) of $638,608 by way of issue 638,608,000 IGS shares,

Then consolidate 1 for 10 - debit $200,000 or 200,000,000 satisfy shares = 20,000,[email protected]=$20k
- debit $250,000 or 250,000,000 satisfy shares = 25,000,[email protected]=$25k
- debit $188,608 or 188,608,000 satisfy shares = 18,608,[email protected]=$18.68k

Then raise $1 million at 1 cent post consolidation.

Then use $1 million for exploration, repay loans (what loans ? as debt satisfied by shares prior), working capital (Director salaries !!).

Who in there "right mind" would invest now in this company with a "DOG PROJECT" - NO NO NO WAY !!

So the only great project is the Brazil gold project and they are removing focus from this to Woof Woof Project and not raising any funds to put Brazil Project into production - WHAT A JOKE !!

The only thing that would save this company would be to AIM - IPO (Latin Gold UK) that IGS owns 93% of and then raise some $$$$$$$$ and bring the Brazil Project into quick production of gold.

I will not invest one more cent based on woof woof project but would if Latin gold was AIM (IPO) and put into production !!!