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
International Samuel Exploration Completes Phase 2 of Geophysical Survey on Golden Triangle Property
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,
President and CEO
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.