 |
|
 |
|
 |
 |
 |
 |
 |
 |
2008
International Samuel Announces Non-Brokered Private Placement
June 23, 2008
Vancouver, B.C. International Samuel Exploration Corp. (SAZ: TSX-V) (the “Company”) is pleased to announce a non brokered private placement (the “Private Placement”) of 1,000,000 units (each a “Unit”) at a purchase price of $0.11 per Unit raising aggregate gross proceeds to the Company of $110,000. Each Unit will consist of one common share and one half non transferable common share purchase warrant.
Each whole share purchase warrant will entitle the holder to purchase one common share of the Company at a purchase price of $0.15 per share for a period of one year from closing of the Private Placement.
Proceeds from the Private Placement will be used to finance general administrative costs. All securities issued in connection with the Private Placement will be subject to a minimum four month hold period. The Private Placement is subject to the approval of the TSX Venture Exchange.
On Behalf of the Board of Directors
Conrad Swanson
President
For further information, please contact: info@internationalsamuel,com
Safe Harbour Statement: The Company relies upon litigation protection for “forward looking statements.”
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
| © 2010 International Samuel Exploration Corp. Designed and Powered by Blender Media |
 |
 |
|