International Samuel Exploration Corp. Announces a Non- Brokered Private Placement
888-700 West Georgia, Vancouver, BC, V7Y 1G5
INTERNATIONAL SAMUEL EXPLORATION CORP. ANNOUNCES A NON- BROKERED PRIVATE PLACEMENT
June 17, 2020: Vancouver, British Columbia: International Samuel Exploration Corp. (the “Company”) (ISS: TSX-V) announces a non-brokered private placement of up to 6,000,000 shares (“Shares”) at a price of $0.08 per Share raising gross proceeds of $480,000. Insiders will be taking a portion of the private placement.
The proceeds received from this private placement will be used to advance the Williams gold & porphyry property in the Toodoggone trench area of northern BC and general working capital.
The Williams gold property hosts two large exploration targets, the T-Bill gold prospect which is prospective for mesothermal style gold mineralization, and the GIC porphyry prospect which is prospective for porphyry copper-gold-molybdenum style mineralization. Historical drilling on the T-Bill gold prospect in 1983-4 gave gold values of 35.0 g/t over 2 m, 24,8 g/t over 2 m and 13.8 g/t over 2 m. For further information, please see: www.internationalsamuelexploration.com
Technical disclosure in this news release has been reviewed and approved by Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101 whom is the Vice President of Exploration and shareholder.
ON BEHALF OF THE BOARD OF DIRECTORS
“Conrad Swanson”
Conrad Swanson Chairman
Telephone: 604-317-3090 Email: [email protected]
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 release.
Forward-looking information Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward- looking statements contained in this press release are made as of the date hereof and 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, except as required under applicable securities regulations.