INEO Announces Upsizing Of Previously-Announced Private Placement From $1.1M To $1.5M Gross Proceeds

The financing is expected to be completed at a price of $0.01 per common share on a pre-consolidation basis, or $0.10 per common share on a post-consolidation basis, assuming completion of the Company's proposed 1-for-10 share consolidation. The minimum closing condition of $500,000 remains unchanged.