International Samuel Closes Non Brokered Private Placement and Grants Stock Options
888-700 West Georgia Street, Vancouver, British Columbia V7Y 1G5
INTERNATIONAL SAMUEL CLOSES NON BROKERED PRIVATE PLACEMENT AND GRANTS STOCK OPTIONS
October 16, 2018: Vancouver, BC - International Samuel Exploration Corp. (the “Company”) (TSXV: ISS) is pleased to announce that it has closed its previously announced private placement and has issued 1,000,000 units at a price of $0.06 per unit for aggregate gross proceeds $60,000.
All securities issued pursuant to the closing are subject to a hold period of four months and one day from their date of issuance in accordance with applicable Canadian securities laws.
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 1,000,000 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
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.
This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward- looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being different than those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals or financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdown and bad weather. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.