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International Samuel Exploration Corp. Receives Exchange Approval on Acquisitions Totaling 27,240 Contiguous Hectares in the Middle of the Golden Triangle, BC
Vancouver, British Columbia--(Newsfile Corp. - October 3, 2017) - International Samuel Explor...
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[{"type":"text","content":"International Samuel Exploration Corp. Receives Exchange Approval on Acquisitions Totaling 27,240 Contiguous Hectares in the Middle of the Golden Triangle, BCVancouver, 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.Lucifer PropertyThe 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 PropertyThe 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.Grizzly PropertyThe 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.comStock OptionsThe 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 gran...