Vancouver, British Columbia--(Newsfile Corp. - October 3, 2017) - International Samuel Exploration Corp. (TSXV: ISS) (FSE: RCF1) (OTC: ISSFF) ("International Samuel" or the "Company") is pleased to announce that the Company has received TSX Venture Exchange (the "Exchange") approval on all three property acquisitions. International Samuel now holds 100% interest in 27,240 hectares in the heart of British Columbia's Golden Triangle.
The Exchange approved the terms of the option agreement to acquire a 100% interest in the Lucifer Property (see August 22, 2017 news release) and issued 2,000,000 common shares to the vendors. In addition, International Samuel will grant a 2% NSR of which 1.5% can be purchased by International Samuel at $500,000 per 0.5%. The Company paid a finder's fee in relation to this transaction of 300,000 shares which those shares are subject to a four month plus one day hold period.
Mickey Davis Property
The Company also has received Exchange approval to the terms of the purchase and sale agreement, acquiring 100% interest in the Mickey Davis Property (see September 14, 2017 news release) and has issued 12,000,000 common shares to the vendors. In addition, International Samuel will grant a 2% NSR. The Company paid a finder's fee in relation to this transaction of 1,200,000 shares which shares are subject to a four month plus one day hold period.
The Company further announces that it has received Exchange approval to the terms of the option agreement to acquire a 100% interest in the Grizzly Property (see September 20, 2017 news release) and issued 2,000,000 common shares to the vendors and 120,000 shares to the Royalty Vendors for the 2% NSR. The vendor has been granted a 1% NSR. No finder's fee was paid on this transaction.
To view the location of these properties please visit our new website at: www.internationalsamuelexploration.com
The Company announces that it has granted incentive stock options to directors, officers, employees, and consultants to purchase up to an aggregate of 3,200,000 common shares of the Company at an exercise price of $0.10 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.
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.
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