International Samuel Exploration Corp. Announces $300,000 Non-Brokered Private Placement
8th Floor, 700 West Georgia Street Vancouver, British Columbia V7Y 1G6 Tel: (604) 718-5454; Fax: (604) 646-2054
[email protected]; www.internationalsamuel.com
NEWS RELEASE
International Samuel Exploration Corp. Announces $300,000 Non-Brokered Private Placement
June 20, 2012 - International Samuel Exploration Corp. (the “Company”) announces a non-brokered flowthrough private placement Unit Offering (“FT Units”) of 3,000,000 FT Units, raising gross proceeds of $300,000. Each FT Unit, priced at $0.10 per each FT Unit, is comprised of one common share of the Company, intended to qualify as a flow-through share under the Income Tax Act (Canada), and one-half of one non-transferable common share purchase warrant exercisable to acquire one whole non-flowthrough (“NFT”) common share at a price of $0.25 per share for a period of one year from the closing date of the FT Unit Offering.
The proceeds of this private placement will be used for the purpose of carrying out the exploration programs on the Company’s British Columbia properties.
The Company may issue finder’s fees in connection with this offering.
The foregoing is subject to regulatory approval.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
For further information, please contact: [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.