Int’l Samuel 11.15-million-share private placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced July 9, 2018.

Flow-through (FT) shares

Number of FT shares:  3.15 million flow-through shares

Purchase price:  five cents per flow-through share

Warrants:  1,575,000 share purchase warrants to purchase 1,575,000 shares

Warrant initial exercise price:  10 cents

Warrant term to expiry:  one year

Non-flow-through (NFT) shares

Number of NFT shares:  eight million non-flow-through shares

Purchase price:  five cents per non-flow-through share

Warrants:  eight million share purchase warrants to purchase eight million shares

Warrant initial exercise price:  10 cents

Warrant term to expiry:  two years

Number of placees:  31 placees

Total pro group involvement:  700,000 (five placees)

Finders’ fees:  Leede Jones Gable Inc., $2,600 cash and 52,000 warrants (FT — subject to abridgement of the exercise period (after the expiry of the four-month hold period) with 30 days of notice to holders in the event that the closing price of the company’s shares, for 10 consecutive trading days, exceeds 20 cents); Leede Jones Gable Inc., $1,000 cash and 20,000 warrants (NFT — subject to abridgement of the exercise period (after the expiry of the four-month hold period) with 30 days of notice to holders in the event that the closing price of the company’s shares, for 10 consecutive trading days, exceeds 20 cents); PI Financial Corp., $1,600 cash and 32,000 warrants (NFT — subject to abridgement of the exercise period (after the expiry of the four-month hold period) with 30 days of notice to holders in the event that the closing price of the company’s shares, for 10 consecutive trading days, exceeds 20 cents); PI Financial, $6,400 cash and 128,000 warrants (FT — subject to abridgement of the exercise period (after the expiry of the four-month hold period) with 30 days of notice to holders in the event that the closing price of the company’s shares, for 10 consecutive trading days, exceeds 20 cents)

Finder’s warrant initial exercise price:  10 cents

Finder’s warrant term to expiry:  12 months

Note that in certain circumstances, the exchange may later extend the expiry date of the warrants if they are less than the maximum permitted term.