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ICS Copper Systems Ltd Announces $1.1 Million Private Placement
ABBOTSFORD, BC, May 26 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V) reports that it has arranged a...
About this update from Carlton Precious Inc
[{"type":"text","content":"\n\n\n\nABBOTSFORD, BC, May 26 /CNW/ - ICS Copper Systems Ltd. (ICX:TSX.V)\nreports that it has arranged a private placement of 2,750,000 units at a price\nof $0.40 per Unit for gross proceeds of $1,100,000. Each Unit will consist of\none common share and one full warrant entitling the holder to purchase a\ncommon share at a price of $0.50 for a period of 24 months after closing.\nCompletion of the placement remains subject to TSX Venture Exchange approval.\n\n\nFinder's fees will be paid up to 10% of the proceeds in connection with\nthe placement, subject to Exchange approval.\n\n\nAmendment Agreement\n\n\n-------------------\n\n\nThe Company wishes to report that it has signed an "Amendment Agreement"\nto the "Mining Option and Joint Venture Agreement" for the Mokambo Property,\ninitially signed by the company on August 7th 2006, which effectively allows\nfor the balance of $ 1,900,000 to be repaid over a longer period of time, with\nthe last payment being due April 30, 2010.\n\n\nThe Company is presently in discussions to increase its equity option\nposition in the Mokambo property from 70% to 90%.\n\n\nThe Company wishes to advise that Mr. Graham Chisholm will be presenting\nat the Investment Conference in London England "Mining in Zambia & Zimbabwe,\nThe Opportunities, Risk & Rewards" on June 25, 2008 to a host of Mining\nAnalyst and Institutional Investors.\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 ...