OR TO U.S. NEWS AGENCIES 2864 chemin Sullivan
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES
OR TO U.S. NEWS AGENCIES
2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
INTERNATIONAL PROSPECT VENTURES PROPOSES
ISSUING SHARES IN SETTLEMENT OF DEBT
Val-d’Or, Québec – April 6, 2018 – International Prospect Ventu res Ltd. (TSX-V:IZZ) (the
“Company”) announces that, subject to acceptance by the TSX Venture Exchange and with the intent
of preserving its cash resources for operations, it proposes is suing approximately 300,000 common
shares at a deemed per share price of $0.20 in settlement of $60,000 in accrued debt owing to Golden
Valley Mines Ltd. (“Golden Valley”).
The debt to Golden Valley relates to consideration payable under the terms of a termination agreement
entered into effective January 1 , 2018, in connection with term ination, by mutual agreement, of the
Management and Administrative Services Agreement made as of Oct ober 1, 2010 (as subsequently
amended) between the Company and Golden Valley.
Shares proposed to be issued by the Company in settlement of the debt will be issued at a deemed per
share price of $0.20 in accordance with the policies of the TSX Venture Exchange and will be subject
to a hold period of four months and one day from the date of is suance in accordance with applicable
securities legislation.
As of the date of this news release, Golden Valley owns approxi mately 16.6% of the Company’s
issued common shares. Assuming completion of the proposed share s for debt transaction, Golden
Valley will own approximately 17.6% of the Company’s then issued common shares.
The Company has filed with re gulators its audited annual financ ial statements and MD&A for the
fiscal year ended December 31, 2017, which are available for viewing through the Internet under the
Company’s issuer profile on SEDAR (www.sedar.com).
About International Prospect Ventures Ltd.
The Company is a junior natural resource issuer involved in the process of exploring, evaluating and
promoting its mineral property interests. The Company owns a 100% interest in the Porcupine Miracle
Prospect consisting of four mineral claims located in Langmuir Township in the province of Ontario;
a 40% interest in the Beartooth Island Prospect located in the Athabasca Basin in the province of
Saskatchewan, which is the subject of an agreement with Ditem Explorations Inc. and of which Ditem
is the operator; and a 100% interest in the Otish and Mistassini Prospects located in the North central
region of the province of Québec. The Company is party to a bin ding share exchange agreement to
acquire 100% interest in Valroc Ventures Pty Ltd., the New South Wales, Australia company that the
Company has an agreement with to jointly acquire, each as to an undivided 50% interest, certain
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applications for tenements located in gold-bearing Pilbara region of Western Australia. The Company
is also in the process of ident ifying and evaluating other mine ral property opportunities in Canada
and internationally.
For additional information, please contact:
Glenn J. Mullan
President
2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: [email protected]
Website: www.iprospectventures.ca
Forward Looking Statements:
This news release contains certain statements that may be deeme d “forward-looking statements.
Forward looking statements are statements that are not historic al facts and are generally, but not
always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”,
“projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”,
“could” or “should” occur. Although the Company believes the ex pectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements are not guarantees
of future performance and actua l results or realities may diffe r materially from those in forward
looking statements. Forward looking statements are based on the beliefs, estimates and opinions of
the Company’s management on the date the statements are made. E xcept as required by law, the
Company undertakes no obligatio n to update these forward-lookin g statements in the event that
management’s beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Serv ices Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts res ponsibility for the adequacy or accuracy of this
news release.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NO T FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF A N OFFER TO
SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATE S. THESE
SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND
MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERS ONS UNLESS
REGISTERED OR EXEMPT THEREFROM.