Ism Resources Inc. Announces Private Placement and Agreement Details
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PRESS RELEASE
ISM RESOURCES INC. ANNOUNCES PRIVATE PLACEMENT AND AGREEMENT DETAILS
Vancouver, B.C., Canada, June 22, 2023 – ISM Resources Corp. (CSE: ISM) (OTC: ISMRF) (FRA: Q3Q0) (the “Company” or “ISM”), is pleased to announce each of a non-brokered private placement of up to $1,000,000 (the “Private Placement”) and certain follow-on information respecting certain recently entered into material agreements.
Private Placement
The Private Placement will consist of the issuance of up to 3,333,333 units (each, a “Unit), at a price of $0.30 per Unit, for gross proceeds of up to $1,000,000. Each Unit will be comprised of one common share in the capital of the Company (each, a “Share”) and one share purchase warrant (each, an “Unit Warrant”). Each Unit Warrant will entitle the holder thereof to purchase one additional Share (each, an “Unit Warrant Share”) for a period of 24 months from the closing date at an exercise price of $0.60 per Unit Warrant Share.
Proceeds from the Private Placement will be used for work programs on the Company’s properties, and for general corporate and working capital purposes.
The Company may pay a finder’s fee on the Private Placement within the maximum amount permitted by the policies of the Canadian Securities Exchange (the “CSE”). The Company may complete multiple closings of the Private Placement, as subscriptions are received. Each closing is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals.
Material Agreement Details
Further to the Company’s news releases of each of June 13 and June 14, 2023, and at the request of the CSE, the Company is now pleased to provide the following additional information with respect to its recent consulting and marketing agreements with each of Zimtu Capital Corp., Invictus Relations Inc. and Rumble Strip Media Incorporated.
In this respect the Company is informed and confirms that Colton Griffith of Zimtu Capital Corp., located at 1450 - 789 Pender Street, Vancouver, British Columbia, V6C 1H2, will be providing market awareness activities in this instance and that he is at arm’s length to the Company. He can be reached at [email protected].
In this respect the Company is also informed and confirms that Walter Spagnuolo, of Invictus Investor Relations Inc., located at 801-535 Thurlow Street, Vancouver, British Columbia V6E 3L2, will be providing the investor relations activities in this instance and that he is arm’s length to the Company. Mr. Spagnuolo can be reached at [email protected], (800) 274-8143.
In this respect the Company is further informed and confirms that Geordie Skye Lee, of Rumble Strip Media Incorporated, located at Unit 893, 250 - 997 Seymour Street, Vancouver, British Columbia, V6B 3M1, will be providing market awareness activities in this instance and that he is arm’s length to the Company. He can be reached at [email protected].
About ISM Resources Corp.
ISM Resources Corp. is a Canadian exploration company focused on advancing mineral resource projects in North America. It expects to acquire and hold promising assets in northern Quebec, including the Serindac Lake and Vaubert Lake Claims. Additionally, the Company is actively advancing its ESN Project for gold exploration in Nevada and evaluating the Koster Dam Project in Central British Columbia through a joint venture with Cariboo Rose Resources.
On behalf of the Board of Directors of ISM, Michael Gheyle, President and Chief Executive Officer
ISM would like to welcome investors to visit our website and join our mailing list, www.ismresources.com. By signing up, you will stay up to date on the latest news releases and advancements within our company.
For further information, please contact:
ISM Resources Corp.
306 - 1110 Hamilton Street, Vancouver, British Columbia, Canada, V6B 2S2 Telephone: (800) 274-8143; Email: [email protected] www.ismresources.com
The CSE has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.