International Samuel Announces Non-Brokered Flow-Through Private Placement
August 9, 2018 - International Samuel Exploration Corp. (the “Company” or “International Samuel”) (TSXV: ISS USA: ISSFF FSE: RFC2) announces a non-brokered private placement of up to 5,000,000 flow-through units (“FT Units”) at a price of $0.06 per unit to raise gross proceeds of up to $300,000. Each FT Unit is comprised of one flow-through common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.10 per share for a 12 month exercise period, subject to abridgement of the exercise period (after the expiry of the 4 month hold period) with 30 days’ notice to holders in the event that the closing price of the Company’s shares for 10 consecutive trading days exceeds $0.20.
In conjunction with this financing, the Company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSX Venture Exchange approval.
The proceeds received from this private placement will be used for work programs on the Company’s 27,300 hectares of properties located in the centre of the Golden Triangle.
Stock Options The Company announces that it has granted incentive stock options to directors, officers, employees, and consultants to purchase up to an aggregate of 1,165,000 common shares of the Company at an exercise price of $0.07 per share for a term of five years from the date of the grant. The incentive stock options were granted in accordance with the Company’s Stock Option Plan.
ON BEHALF OF THE BOARD OF DIRECTORS
“Conrad Swanson”
Conrad Swanson Chairman
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090 Email: [email protected],
www.internationalsamuelexploration.com
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 as described in the above news release. 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.