January 28, 2019: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS) (the “Company”) announces that is has received the results from the maiden 2018 drilling at the Lucifer zone, on the LGM property in the prolific Golden Triangle.

Conrad Swanson, President of International Samuel, stated “The results from our maiden program are encouraging. I am sure that Samuel is on the edge of a substantial system. There are numerous indications of a pervasive mineralized system in the area including Voigtberg, Hank, Grizzly and Lucifer showings. There is a massive 3-kilometre sericite–illite anomaly on the property, associated with geochemical anomalies. Our 2018 drill program has only scratched the surface.”

A total of three shallow exploratory diamond drill holes were completed, for a total of 508 metres, from a single drill pad (407105E, 6328522N). The drill program was design to test the geophysical survey induced polarization (IP) anomalies and coincident anomalous gold in soils results. See table below for assay results.

DDH Dip AZ Total Depth m From m To m Length m Au ppb Ag ppm Cu ppm Mo ppm Co ppm

LGM18-01 -90 213 43.5 44.5 1.0 716 0.3 100,0 4.0 21.1

LGM18-02 -45 280 178 14.0 15.0 1.0 1250 0.4 49.0 4.0 20.1

LGM18-02 -45 280 178 100.0 114.0 14.0 300 < 0.2 45.5 2.7 10.2

LGM18-02 -45 280 178 122.0 123.0 1.0 1210 < 0.2 34.0 7.0 13

True widths are unknown at this time, lengths (m) are the lengths of drill core sampled

All drill core from the 2018 program at LGM Property was handled in a manner consistent with industry best practice standards by International Samuel Exploration Corp. All samples were subjected to a quality control procedure that ensured best practices in the handling, sampling, analysis and storage of the drill core. In this case, the procedure consisted of inserting blanks, and duplicates at a rate of one for every 10 samples, on a randomized basis. Each of the 360 individual samples typically represent 1 metre in drill core length. Half of the drill core is stored in core racks on the property for verification and reference purposes. While the other half of the core is labelled, bagged and sent to AGAT Laboratories for analysis (AGAT is an independent ISO 9001 and ISO/IEC 17025-certified lab). Gold is assayed by standard fire assay methods with 45 additional elements analyzed by induced coupled plasma (ICP) utilizing a four-acid digestion.

Our next target focus is the drill permitted 5,159 ha Williams Property in the Toodoogone trench area. The Williams Gold Property hosts two large targets: (1) the mesothermal gold ‘T-Bill’ prospect; and (2) the porphyry copper-gold-molybdenum ‘GIC’ prospect. The T-Bill prospect is a widespread alteration zone coincident with a large 1,200 m by 2,300 m gold in soil anomaly defined by gold values greater than 100 parts per billion (ppb). This prospect also contains gold-rich quartz veins, with locally visible gold. Historical drilling on a small segment of the anomaly (300 m by 300 m) intercepted 11 separate two-metre intervals with greater than 12 g/t gold. The best historical drill intersections included two metres of 24.8 g/t gold and two metres of 35.0 g/t gold. The mineralization occurs as multiple subparallel vein swarms that may have bulk mineable potential in addition to high-grade underground vein targets.

 

Technical disclosure in this news release has been reviewed and approved by International Samuel Exploration Corp.’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

 

The Golden Triangle continues to yield impressive results including GT Gold Corp (01/09/2019) recent news release of 1,150 m of 0.62 g/t Au, 0.36% Cu, and 1.17 g/t Ag. The Golden Triangle region is host to several developed porphyry copper-gold deposits.

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

“Conrad Swanson”

Conrad Swanson

Chairman

 

For further information, please contact:

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

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.

 

Forward-looking information

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.

 

Monday 15, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS) (the “Company”) is pleased to announce that drilling at the Lucifer zone, on the LGM property in the prolific Golden Triangle has concluded for this season.  A total of three (3) diamond drill holes were completed.  The core from all three drill holes is currently being split, logged in detail, and will be submitted for a comprehensive suite of assays.  In addition to the completed drilling a significant anomaly discovered earlier this year has been sampled and these rock samples are currently in the laboratory for analysis.

This new “Colossus Zone”, a 1,350-ha geophysical anomaly, is located in the northwest corner on the eastern side of our LGM Property.  The Colossus Zone is coincident with two parallel trend areas of the ‘Red line contact’ that the Company identified earlier this season.  The Colossus Zone is strategically located 5 km southeast of Golden Ridge’s (GLDN) Hank Property with its announced discovery in August 2018.  Pictures of the recent Colossus Zone work and area are available on the Company website at www.internationalsamuelexploration.com.

Conrad Swanson, Chairman of International Samuel, stated this season’s extended good weather permitted the Company to complete this important drilling and sampling program.  “We are extremely pleased to have had additional time to sample the new Colossus anomaly, once results have been received we will incorporate this large zone into our planning for 2019”.

Our attention now will focus on our drill permitted 5,159 ha Williams Property in the Toodoogon trench area.  The Williams Gold Property hosts two large targets: the mesothermal gold ‘T-Bill’ prospect; and the porphyry copper-gold-molybdenum ‘GIC’ prospect.  The T-Bill prospect is a widespread alteration zone coincident with a large 1,200 m by 2,300 m gold in soil anomaly defined by gold values greater than 100 parts per billion (ppb).  This prospect also contains gold-rich quartz veins, with locally visible gold.  Historical drilling on a small segment of the anomaly (300 m by 300 m) intercepted 11 separate two-metre intervals with greater than 12 g/t gold.  The best historical drill intersections included two metres of 24.8 g/t gold and two metres of 35.0 g/t gold.  The mineralization occurs as multiple subparallel vein swarms that may have bulk mineable potential in addition to high-grade underground vein targets.

South of our Williams Gold Property, Hudbay/Amarc recently announced the commencement of an aggressive 1,000 m drill program near the Kemess mine (purchased by Centerra for $310 M in January 2018).

Technical disclosure in this news release has been reviewed and approved by International Samuel Exploration Corp.’s Vice President of Exploration, of Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

 

The Golden Triangle continues to yield impressive results including GT Gold Corp (10/10/2018) recent news release of 363 m of 1.02 g/t Au, 0.51% Cu, and 1.72 g/t Ag.  The Golden Triangle region contains several known porphyry copper-gold deposits.

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

“Conrad Swanson”                                                       

Conrad Swanson

Chairman

 

For further information, please contact:

International Samuel Exploration Corp.

Telephone:  604-317-3090

Email: international@samuelexploration.com

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.

 

Forward-looking information

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.

 

International Samuel Exploration Corp. is pleased to announce that it has closed its previously announced private placement and has issued 3,736,666 units at a price of $0.06 per unit for a total of $224,200 gross proceeds.

All securities issued pursuant to the closing are subject to a hold of four months and one day from their date of issuance in accordance with apllicable Canadian securities laws.

On Behalf of the Board of Directors,

Conrad Swanson – Chairman

Vancouver, BC: September 25, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report that it is preparing for a drill program on the LGM property (large consolidated project containing the Lucifer, Grizzly and Mickey West/East projects) located in the heart of the Golden Triangle in British Columbia.

The Company’s technical team has completed its in-depth review of the recent Induced Polarization (“IP”) data, also the airborne geophysical survey along with extensive soil samples.  After the review the team has identified and defined its initial drill targets at the Lucifer showing on the LGM property.   The Company engaged the services of Full Force Diamond Drilling Ltd., out of Peachland, B.C., to undertake an aggressive drill program. Full Force crews are currently mobilizing the drill rig to the first drill site and is expected to commence shortly.

The program is targeting a chargeability high coindicant with a resistivity high anomaly identified by the recent IP survey.   This geophysical target is within a previously identified 7.7-hectare anomalous soil gold zone.  One highly anomalous sample gave 3,010.1 ppb gold and 21 samples gave over 500 ppb gold.

Conrad Swanson, International Samuel’s President and CEO, commented: “We are fortunate to have an extended season this year, which is enabling ISS to be able to drill its Golden Triangle project. We are excited to be able to commence our initial drill program on the Lucifer zone. Once we complete drilling at the LGM property we will turn most of our focus on our exploration work at the Williams property, near the Kemess North Mine (Toodoggone mining camp), that Centerra purchased from AuRiCo earlier this year for $310 million. The Williams property is a high-grade project that has had substantial work completed since the 1980’s, including two separate drill programs on two separate anomalies. We believe we are positioned perfectly and have two projects with tremendous upside and we can remain active throughout the year without being affected by the winter weather.

Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Conrad Swanson

Conrad Swanson

President and CEO

 

For further information, please see website www.internationalsamuelexploration.com. A new corporate presentation with information on ISS’s projects can be found here: http://internationalsamuelexploration.com/wp-content/uploads/2018/09/ISS-PPT-September-2018-Williams.pdf.

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

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.

Forward-looking information

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.

Vancouver, BC: September 18, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report it has completed its Phase 2 ground geophysical induced polarization (“IP”) survey at the LGM property (Lucifer, Grizzly & Mickey East/West projects) located in the heart of the Golden Triangle in British Columbia.

The geophysics contractor, Peter E. Walcott and Associates, has completed the Phase 2 survey, which focused on a high-priority target of which previously 2 lines of IP were completed in August 2018. A total of three additional IP survey lines have now been completed on the Lucifer target. The three additional lines infilled the first 2 lines which were 500m apart and added 2 more lines 250m apart to the west. The IP survey now covers an area of approx. 1,000 meters x 1,000 meters.

International Samuel Exploration’s Map of Phase 1 & 2 Completed Geophysical Induced Polarization Survey on the LGM Project in the Golden Triangle Area of British Columbia

The Company’s technical team is now reviewing all of the data which includes from the IP survey of both phases, plus the airborne geophysical survey (completed earlier this summer), and soil/trench samples – in an effort to further define drill targets at the Lucifer showing.

Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS,

Conrad Swanson

Conrad Swanson

President and CEO

 

For further information, please contact:

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

www.internationalsamuelexploration.com

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.

Forward-looking information

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.

 

Vancouver, BC: August 28, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report the completion of its Phase 1 Ground geophysical Induced Polarization (“IP”) survey at the LGM Property (the consolidated property of Lucifer, Grizzly and Micky Davis Properties, “LGM” or the “Property”) located in the heart of the Golden Triangle, British Columbia.

Figure 1: International Samuel Exploration holds 26,771 hectares of prime golden triangle ground surrounded by Aben Resources, Golden Ridge Resources, Evrim/Antofagasta & Teck Resources

The geophysics contractor, Peter E. Walcott and Associates, completed the Phase 1 survey which focused on a high-priority target on the expansive 26,771 hectares which was consolidated last year. The IP survey on the Lucifer target area consisted of two lines, 500 apart and 750 metres and 950 metres long respectively.

The Company’s technical team has already reviewed the IP survey data (see Figure 2) and have agreed to implement additional lines of IP across the Lucifer anomaly. The additional lines of IP are designed to further increase the resolution of the already acquired geophysical data. A total of 3 IP survey lines have been planned; one line will infill between the first two lines, while the other two lines will expand the zone 500 metres to the west.

Figure 2: Lucifer Property map displaying historic gold-in-soil anomalies, red lines indicating the completed IP survey lines and green lines displaying proposed IP survey lines

Three-hundred seventy-six (376) soil samples were taken to test an Aster anomaly that expands over the complete-known size of the Lucifer zone to the northeast. All samples have been sent to Actlabs – Kamloops for analysis. An anomaly recently ‘identified’ which is located near the north east corner of the LGM property, and 6km southeast of Golden Ridge Corps. Hank property, will have exploration screw on the ground this week.

International Samuel’s President and CEO Conrad Swanson stated, “We are excited to have commenced the LGM Properties initial work program. Last year we successfully acquired and consolidated a very large and highly-prospective Golden Triangle project directly adjoining Golden Ridge Resources, Aben Resources, Evrim/Antofagasta & Teck Resources. The Golden Triangle region has been re-established as BC’s pre-eminent exploration and mining district with several new mines in production and the abundance of new geologic theories. We want to congratulate our neighbours Golden Ridge & Aben for their recent success of their two new discoveries. This demonstrates the opportunity not only the region has of new discoveries but of the potential we have at International Samuel. We are looking forward to potentially unlocking this in short order.”

Lucifer Property Details

Previous exploration work done by Noranda (1990-91) identified a 400-metre-wide, 1.2 kilometre-long, north-northeast-trending zone of hydrothermal alteration associated with strongly elevated gold concentrations and base metal soil geochemical anomalies at the Lucifer. The British Columbia Ministry of Mines Minfile database documents two shallow drill holes were completed in 1991, which reportedly intersected 15.1 grams per tonne gold over 1.36 metres and 0.7 grams per tonne gold over 5.70 metres. In addition to the mapped alteration zone and strong soil geochemical anomalies, Noranda identified multiple strong gold-in-stream anomalies in the central part of the Lucifer property, which have not been followed up.

Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

Conrad Swanson

Conrad Swanson

President and CEO

 

For further information, please contact:

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

www.internationalsamuelexploration.com

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.

Forward-looking information

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.

Vancouver, BC: August 28, 2018: Vancouver, BC Canada – International Samuel Exploration Corp. (TSX-V: ISS OTC: ISSFD FSE: RFC3) (the “Company” or “International Samuel”) is pleased to report the completion of its Phase 1 Ground geophysical Induced Polarization (“IP”) survey at the LGM Property (the consolidated property of Lucifer, Grizzly and Micky Davis Properties, “LGM” or the “Property”) located in the heart of the Golden Triangle, British Columbia.

 

The geophysics contractor, Peter E. Walcott and Associates, completed the Phase 1 survey which focused on a high-priority target on the expansive 26,771 hectares which was consolidated last year. The IP survey on the Lucifer target area consisted of two lines, 500 apart and 750 metres and 950 metres long respectively.

 

The Company’s technical team has already reviewed the IP survey data and have agreed to implement additional lines of IP across the Lucifer anomaly. The additional lines of IP are designed to further increase the resolution of the already acquired geophysical data. A total of 3 IP survey lines have been planned; one line will infill between the first two lines, while the other two lines will expand the zone 500 metres to the west.

 

Three-hundred seventy-six (376) soil samples were taken to test an Aster anomaly that expands over the complete-known size of the Lucifer zone to the northeast. All samples have been sent to Actlabs – Kamloops for analysis. An anomaly recently ‘identified’ which is located near the north east corner of the LGM property, and 6km southeast of Golden Ridge Corps. Hank property, will have exploration screw on the ground this week.

 

International Samuel’s President and CEO Conrad Swanson stated, “We are excited to have commenced the LGM Properties initial work program. Last year we successfully acquired and consolidated a very large and highly-prospective Golden Triangle project directly adjoining Golden Ridge Resources, Aben Resources, Evrim/Antofagasta & Teck Resources. The Golden Triangle region has been re-established as BC’s pre-eminent exploration and mining district with several new mines in production and the abundance of new geologic theories. We want to congratulate our neighbours Golden Ridge & Aben for their recent success of their two new discoveries. This demonstrates the opportunity not only the region has of new discoveries but of the potential we have at International Samuel. We are looking forward to potentially unlocking this in short order.”

 

Lucifer Property Details

 

Previous exploration work done by Noranda (1990-91) identified a 400-metre-wide, 1.2 kilometre-long, north-northeast-trending zone of hydrothermal alteration associated with strongly elevated gold concentrations and base metal soil geochemical anomalies at the Lucifer. The British Columbia Ministry of Mines Minfile database documents two shallow drill holes were completed in 1991, which reportedly intersected 15.1 grams per tonne gold over 1.36 metres and 0.7 grams per tonne gold over 5.70 metres. In addition to the mapped alteration zone and strong soil geochemical anomalies, Noranda identified multiple strong gold-in-stream anomalies in the central part of the Lucifer property, which have not been followed up.

 

 

 

Technical disclosure in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Derrick Strickland P. Geo., a Qualified Person as defined by National Instrument 43-101.

 

ON BEHALF OF THE BOARD OF DIRECTORS,

 

Conrad Swanson

 

Conrad Swanson

President and CEO

 

For further information, please contact:

 

International Samuel Exploration Corp.

Telephone: 604-317-3090

Email: international@samuelexploration.com

 

www.internationalsamuelexploration.com

 

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.

 

Forward-looking information

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.

August 21, 2018 – International Samuel Exploration Corp. (the “Company” or “International Samuel”) (TSXV: ISS USA: ISSFF FSE: RFC2) is pleased to announce that further to the Company’s news release of August 9, 2018, 5,000,000 flow-through units (“FT Units”) at a price of $0.06 for total proceeds of $300,000, the Company is oversubscribed 5,481,666 FT Units for total proceeds of $328,900 and closed the private placement.

In connection with the financing, the Company issued a total of 365,200 warrants to finders (the “Finder Warrants”). Each Finder Warrant will entitle the finder to purchase an additional common share for one year at a price of $0.10 per common share. The Company also paid to finders a total of $21,912 in cash fees associated with this financing.

All securities issued pursuant to the closing are subject to a hold period of four months and one day from their date of issuance in accordance with applicable Canadian securities laws
The proceeds of the private placement will be used for the purpose of carrying out the exploration programs on the Company’s British Columbia property.

 

ON BEHALF OF THE BOARD OF DIRECTORS

“Conrad Swanson”
Conrad Swanson
Chairman
For further information, please contact:
International Samuel Exploration Corp.
Telephone: 604-317-3090
Email: international@samuelexploration.com
www.internationalsamuelexploration.com

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.
Forward-looking Information

 

Certain statements in this news release constitute “forward-looking” statements. These statements relate to future events or the Company’s future performance as described in the above news release. 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.

International Samuel Exploration Corp. has arranged a non-brokered private placement of up to five million flow-through units at a price of six cents per unit to raise gross proceeds of up to $300,000. Each flow-through unit comprises one flow-through common share and one share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 10 cents per share for a 12-month exercise period, 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.

In conjunction with this financing, the company may pay a finder’s fee to eligible persons in compliance with applicable securities laws and exchange policies. This financing is subject to TSX Venture Exchange approval.

The proceeds received from this private placement will be used for work programs on the company’s 27,300 hectares of properties located in the centre of the Golden Triangle (British Columbia).

Stock options

The company announces that it has granted incentive stock options to directors, officers, employees and consultants to purchase up to an aggregate of 1,165,000 common shares of the company at an exercise price of seven cents per share for a term of five years from the date of the grant. The incentive stock options were granted in accordance with the company’s stock option plan.

We seek Safe Harbor.

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.