October 26, 2017: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX.V ISS) (FSE: RCF1) (USA: ISSFF) (the “Company”) is pleased to announce that the Company received TSX Venture Exchange approval of the terms of the purchase and sale agreement to acquire a 100% interest in the Williams Property (see October 18, 2017 news release). The Company has issued 4,000,000 common shares to the vendors which those shares are subject to a four month plus one day hold period.
In addition, the vendor and vendor parent company will maintain a 1.25% NSR. The property also contains an underlying 1.25% NSR and includes an advance royalty payment for five thousand dollars per year of which the Company may repurchase 30% of the underlying royalty of $500,000 or 60% for $1,000,000.
To view the location of these properties please visit our new website at: www.internationalsamuelexploration.com
ON BEHALF OF THE BOARD OF DIRECTORS,
Chairman, CEO & President
For further information, please contact:
International Samuel Exploration Corp.
Neither the 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.
Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance. All such statements involve substantial known and unknown risks, uncertainties and other factors which may cause the actual results to vary from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. Actual results could differ materially from those anticipated due to a number of factors and risks. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.