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
February 13, 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 units (“Units”) at a price of $0.075 per Unit raising gross proceeds of $450,000. Each Unit is comprised of one common share of the Company and one common share purchase warrant (“Warrant”). Each warrant entitles the holder thereof to purchase one common share of the Company for 24 months at an exercise price of $0.10 per share after the closing date of the Offering. Insiders will be taking a portion of the private placement. This financing is subject to TSX Venture Exchange approval.
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.
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 500,000 common shares of the Company at an exercise price of $0.11 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]
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.