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News
International Samuel Arranges $70,000 Private Placement
February 18, 2009
Mr. Conrad Swanson reports that International Samuel Exploration Corp. (the “Company”) has arranged for a non-brokered flow-through private placement of 200,000 Units at $0.35 per Unit for gross proceeds of $70,000. Each Unit consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase an additional common share at a price of $0.50 for a period of two years.
All of the securities issued pursuant to the Private Placement are subject to a minimum four month hold period which expires on June 19, 2009, pursuant to applicable Canadian securities laws.
The net proceeds of this private placement will be used for a work program on the Company’s Reed Lake Property, Manitoba. The transaction is subject to the acceptance of the TSX Venture Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
For further information, please contact: info@internationalsamuel.com
Neither 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.
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