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VANCOUVER, June 12 /CNW/ - International KRL Resources Corp. (TSXV:IRK) (the "Company") today announced a non-brokered private placement consisting of up to 10,000,000 units (the "Units") at a price of $0.015 per Unit, for gross proceeds of up to $150,000 (the "Offering"). The Units will be comprised of one common share and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one common share for a period of two years at a price of $0.05 per share for the first year, and at $0.10 per share for the second year.
The Offering is subject to TSX Venture Exchange acceptance. All securities issued pursuant to the Offering will be subject to a four-month hold period from the closing date. The proceeds from the Offering will be used for general working capital.
International KRL Resources Corp. is a mineral exploration company engaged in the acquisition, exploration and advancement of Canadian mineral properties. It has a significant property portfolio prospective for uranium, base metals and precious metals. For more information on the Company and the properties please visit www.krl.net and www.sedar.com websites.
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.
Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.