Business
International KRL Resources Corp. - First tranche of private placement closed
/NOT FOR DISTRIBUTION TO NEWS WIRE SERVICES IN THE UNITED STATES./ VANCOUVER, Aug. 18 /CNW/ - Int...
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO NEWS WIRE SERVICES IN THE UNITED STATES./\n\n\nVANCOUVER, Aug. 18 /CNW/ - International KRL Resources Corp. (TSXV:IRK)\n(the "Company") today announced that it has closed the first tranche of the\nnon-brokered private placement that was announced on June 12, 2009, and has\nissued 3,300,000 units at a price of $0.015 per Unit for gross proceeds of\n$49,500. Each unit is comprised of one common share and one share purchase\nwarrant (a "Warrant"). Each Warrant is exercisable for a period of 60 months\nfrom the date of issue at a price of $0.05 per share for the first 12 months\nand at a price of $0.10 per share for the balance of the term of the Warrant.\nThe common shares and the shares to be issued upon exercise of the Warrants\nare subject to a hold period until December 7, 2009.\n\n\nThe proceeds from the Offering will be used for general working capital,\nand the Company will continue to offer the remaining 6,700,000 units\ncontemplated by the original news release.\n\n\nInternational KRL Resources Corp. is a mineral exploration company\nengaged in the acquisition, exploration and advancement of Canadian mineral\nproperties. It has a significant property portfolio prospective for uranium,\nbase metals and precious metals. For more information on the Company and the\nproperties please visit www.krl.net and www.sedar.com websites.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as\nthat term is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\n\nForward Looking Statements: The above contains forward looking statements\nthat are subject to a number of known and unknown risks, uncertainties and\nother factors that may cause actual results to differ materially from those\nanticipated in our forward looking statements. Factors that could cause such\ndifferences include: changes in world commodity markets, equity markets, costs\nand supply of materials relevant to the mining industry, change in government\nand changes to regulations affecting the mining industry. Forward-looking\nstatements in this release include statements regarding future exploration\nprograms, operation plans, geological interpretations, mineral tenure issues\nand mineral recovery processes. Although we belie...