Business
ICS Copper Systems Ltd Announces Completion of $1.1 Million Private Placement
ABBOTSFORD, BC, June 13 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V) reports that it has completed...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n\n\n\nABBOTSFORD, BC, June 13 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V)\nreports that it has completed its non-brokered private placement as previously\nannounced on May 26th, 2008. The private placement consisted of 2,750,000\nunits at a price of $0.40 per unit for gross proceeds of $ 1,100,000. Each\nUnit is comprised of one common share (a "Share") and one full warrant\nentitling the holder to purchase a common share until June 11, 2010 at a price\nof $0.50.\n\n\nAll securities are subject to a hold period expiring October 12, 2008.\n\n\nThe Company has paid a finders' fee of $100,000 CAD in connection with\nthis financing.\n\n\nThe proceeds of the private placement will be used towards option\npayments for the Mokambo Mine and for general working capital.\n\n\nICS COPPER SYSTEMS LTD.\n\n\nSigned "Graham Chisholm"\n\n\nGraham Chisholm, President & CEO\n\n\nThis release includes certain statements that are "forward-looking\nstatements". All statements in this release, other than statements of\nhistorical facts that address future exploration, development and production\nactivities, and other circumstances, events and developments that the Company\nexpects, are forward-looking statements. Although management believes the\nexpectations expressed in such forward-looking statements are based on\nreasonable assumptions, such statements are not guarantees of future\nperformance, and actual results, events and developments may differ materially\nfrom those in the forward-looking statements. The occurrence of certain risk\nfactors, the probability of which is unknown, may also affect actual results,\nevents and developments expected by the Company.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n","length":1908,"tagName":"div"}]