Ism Resources Inc. Announces Flow-Through Private Placement
ISM RESOURCES CORP.
306 - 1110 Hamilton Street, Vancouver, British Columbia, V6B 2S2
Telephone: (800) 274-8143 and E-mail: [email protected]
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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.
PRESS RELEASE
ISM RESOURCES INC. ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT
Vancouver, B.C., Canada, June 26, 2023 – ISM Resources Corp. (CSE: ISM) (OTC: ISMR F)
(FRA: Q3Q0) (the “Company” or “ISM”), is pleased to announce, in addition to the non-brokered
private placement announced on June 23, 2023, a non-brokered private placement of up 5,714,286
flow-through units of the Company (each, a “FT Unit”), at a price of $0.35 per FT Unit, for gross
proceeds of up to $2,000,000 (the “Private Placement”).
Each FT Unit will be comprised of one common share in t he capital of the Company (each, a
“Share”), to be issued as a “flow -through share” within the meaning of the Income Tax Act
(Canada), and one share purchase warrant (each, a “FT Unit Warrant”). Each FT Unit Warrant
will entitle the holder thereof to purchase one additional Share ( each, a “FT Unit Warrant
Share”) for a period of 24 months from the closing date at an exercise price of $0.70 per FT Unit
Warrant Share.
Proceeds from the Private Place ment will be used for proposed work programs on the Serindac
Lake claims and Vaubert Lake claims located in the Nunavik region of Northern Quebec that the
Company intends to acquire as announced on May 29, 2023.
The Company may pay a finder’s fee on the P rivate Placement within the maximum amount
permitted by the policies of the Canadian Securities Exchange (the “ CSE”). The Company may
complete multiple closings of the Private Placement , as subscriptions are received. Each closing
is subject to a number of conditions, including receipt of all necessary corporate and regulatory
approvals.
About ISM Resources Corp.
ISM Resources Corp. is a Canadian exploration company focused on advancing mineral resource
projects in North America. It expects to acquire and hold promising assets in northern Quebec,
including the Serindac Lake and Vaubert Lake Claim s. Additionally, the Company is actively
advancing its ESN Project for gold exploration in Nevada and evaluating the Koster Dam Project
in Central British Columbia through a joint venture with Cariboo Rose Resources.
On behalf of the Board of Directors of ISM,
Michael Gheyle, President and Chief Executive Officer
ISM RESOURCES CORP.
306 - 1110 Hamilton Street, Vancouver, British Columbia, V6B 2S2
Telephone: (800) 274-8143 and E-mail: [email protected]
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ISM would like to welcome investors to visit our website and join our mailing list,
www.ismresources.com. By signing up, you will stay up to date on the latest news releases and
advancements within our company.
For further information, please contact:
ISM Resources Corp.
306 - 1110 Hamilton Street, Vancouver, British Columbia, Canada, V6B 2S2
Telephone: (800) 274-8143; Email: [email protected]
www.ismresources.com
The CSE has not in any way passed upon the merits of the matters referenced herein and has
neither approved nor disapproved the contents of this news release.
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 or 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 Company operat es, 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‐looking information contained in this news release represents the Company’s expectation s as of the date hereof and is
subject to change 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.