International Samuel Announces Non-Brokered Private Placement
888-700 West Georgia Street, Vancouver, British Columbia V7Y 1G5
INTERNATIONAL SAMUEL ANNOUNCES
NON-BROKERED PRIVATE PLACEMENT
October 1, 2018 - International Samuel Exploration Corp . (the “Company” or “International
Samuel”) (TSXV: ISS USA: ISSFF FSE: RFC2) announces a non-brokered private placement
of up to 4,000,000 units (“Units”) at a price of $0.06 per unit to raise gross proceeds of up to
$240,000. Each Unit is comprised of one common share and one share purchase warrant. Each
warrant will entitle the holder thereof to purchase one common share of the Company at a price
of $0.10 per share for a 24 month exercise period, subject to abridgement of the exercise period
(after the expiry of the 4 month hold period) with 30 days’ notic e to holders in the event that
the closing price of the Company’s shares for 10 consecutive trading days exceeds $0.20.
In conjunction with this financing, the Company may pay a finder’s fee to eligible persons in
compliance with applicable securities laws and exchange policies. This financing is subject to
TSX Venture Exchange approval.
The proceeds received from this private placement will be used to extend the current underway
drilling on the property located in the centre of the Golden Triangle and for 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 pri ce of $0.08 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],
www.internationalsamuelexploration.com
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.
888-700 West Georgia Street, Vancouver, British Columbia V7Y 1G5
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 as described in the above news release. 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.