International Samuel Exploration Corp. Announces $75,000 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 $75,000 Non-Brokered Private Placement
June 6, 2012 - International Samuel Exploration Corp. (the “Company”) announces it has arranged a 1,500,000 Unit non-brokered private placement offering to raise gross proceeds of $75,000. Each Unit is comprised of one common share of the Company at a subscription price of $0.05 per common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.10 for a two year period from the closing date. The proceeds of this private placement will be used for general working capital.
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Each warrant will be subject to accelerated expiry provisions such that if at any time after the date of closing of the private placement, the Company’s common shares trade on the TSX Venture Exchange at or above a weighted average trading price of $0.25 per share for 10 consecutive trading days, the Company may give notice to the holders that each warrant will expire 30 days from the date of providing such notice.
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.