Ism Resources Corp. Announces Private Placement
LEGAL_40808822.1
ISM RESOURCES CORP.
ISM RESOURCES CORP. ANNOUNCES PRIVATE PLACEMENT
Vancouver, BC – February 27, 2023: ISM Resources Corp. (the “Company” or “ISM”) (CSE:
ISM) is pleased to announce that it has entered into discussions with certain subscribers in
connection with a proposed non-brokered private placement of an aggregate of up to 10,000,000
units of the Company (each, a “Unit”), at a proposed subscription price of $0.15 per Unit, for gross
proceeds of up to $1,500,000.
Each Unit is comprised of one common share (each, a “ Common Share ”) and one non-
transferable share purchase warrant (each, a “ Unit Warrant”) of the Company, and each such
Unit Warrant will entitle the holder thereof to acquire one additional common share of the
Company (each, a “ Warrant Share”) for a period of two year s from the closing of the Private
Placement at an exercise price of $0.20 per Warrant Share.
There may be finders’ fees associated in connection with the closing of the Private Placement
comprised of cash and/or share purchase warrants of the Company.
The proceeds of the Private Placement will be used for the Company’ s general corporate and
working capital purposes.
The Common Shares, the Unit Warrants and any Warrant Shares issuable upon exercise thereunder
will be subject to a hold period of four months and a day from the date of closing in each instance.
About ISM Resources Corp.
ISM Resources Corp. is a Canadian-based exploration company with a focus on identifying
mineral resource projects for exploration and development. The Company is currently focused on
planning the exploration activities for the ESN Project in Nevada and evaluating the next steps for
the Koster Dam Project in Central British Columbia with it’s joint venture partner Cariboo Rose
Resources.
Glenn Collick, President
For further information, please contact:
ISM Resources Corp.
306 – 1110 Hamilton Street
Vancouver, British Columbia, V6B 2S2
(778) 868-2226
The Canadian Securities Exchange has not in any way passed upon the merits of the matters
and Private Placement referenced herein and has neither approved nor disapproved the contents
of this news release.
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Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always,
identified by the use of words such as “ anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions.
Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results o r events to differ
materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated
in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the C ompany operates,
prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the
Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given
that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐loo king
information contained in this news release represents the Company ’s expectations as of the date hereof, and is subject to chan ge after such date.
The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information,
future events or otherwise, except as required by applicable securities legislation.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute
a violation of U.S. Securities laws.