International Enexco Closes Flow-Through Private Placement with Proceeds of $750,000
Vancouver, Canada -- December 5 2013 - International Enexco Limited (TSX-V: IEC; OTCQX: IEXCF; Frankfurt: IE6) (the "Company" or "Enexco") pleased to announce that further to its December 2, 2013 news releases, announcing a non-brokered private placement of 2,343,750 Flow-Through Units at a price of CDN$0.32 per unit, on a non-brokered private placement basis, the Company has completed and closed its offering for aggregate proceeds of CDN$750,000. All other information from the news release dated December 2, 2013 remains the same. The net proceeds from the private placement will be used to fund Enexco's CDN$870,000 portion of the forthcoming CDN$2.9 million drill program at the Mann Lake uranium joint venture project in Saskatchewan's Athabasca Basin. Mann Lake is a joint venture consortium project with International Enexco and two of the world's leading uranium companies (Cameco (52.5%) as operator, Enexco (30%) and AREVA (17.5%). (Please see International Enexco November 13, 2013 news release at www.enexco.ca for additional information.)The Company will pay CDN$60,000 and issue 93,750 Warrants in finder's fees in connection with the closing of the placement. All of the securities issuable in the placement are subject to a hold period ending on April 6, 2014.About International Enexco Ltd.International Enexco Limited is a North American exploration and development company focused on the feasibility stage, 100% owned, Contact Copper project in northern Nevada and the Mann Lake and Bachman Lake Uranium projects located in Saskatchewan's prolific Athabasca Basin. The Bachman Lake project is a joint venture with Denison (80%) as operator and Enexco (20%).
On behalf of our Board of Directors.
"G. Arnold Armstrong"President & CEO
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International Enexco is a copper and uranium development stage company based in Canada.
International Enexco holds various exploration projects in Canada.
Its main exploration properties are LOOMIS, HOT POT PROJECT, MANN LAKE, CONTACT COPPER and MANN LAKE (JV) in Canada.