=======================================================================
Re: News - Tuesday, August 18, 2009
First Tranche of Private Placement Closed
=======================================================================
Not for distribution to news wire services in the United States.
Vancouver, BC, August 18, 2009 -- International KRL Resources Corp. (TSXV:IRK) (the "Company") today announced that it has closed the first tranche of the non-brokered private placement that was announced on June 12, 2009, and has issued 3,300,000 units at a price of $0.015 per Unit for gross proceeds of $49,500. Each unit is comprised of one common share and one share purchase warrant (a "Warrant"). Each Warrant is exercisable for a period of 60 months from the date of issue at a price of $0.05 per share for the first 12 months and at a price of $0.10 per share for the balance of the term of the Warrant. The common shares and the shares to be issued upon exercise of the Warrants are subject to a hold period until December 7, 2009.
The proceeds from the Offering will be used for general working capital, and the Company will continue to offer the remaining 6,700,000 units contemplated by the original news release.
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.
For further information contact:
International KRL Resources Corp.
Mr. Seamus Young, President & CEO
Suite 1640 - 1066 West Hastings Street, Oceanic Plaza, Box 12543
Vancouver, BC, V6E 3X1
Telephone: (604) 689-0299 Facsimile: (604) 689-0288
Email: info@krl.net Web Page: www.krl.net
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.
=======================================================================
Copyright (c) 2009 INTERNATIONAL KRL RESOURCES CORP. (IRK) All rights
reserved. For more information visit our website at
http://www.krl.net/ or send mailto:info@krl.net
Message sent on Thu Aug 20, 2009 at 10:14:09 AM Pacific Time
=======================================================================
.
<
|
International KRL Resources Corp.
|
|
EXPLORATEUR |
CODE : IRK.V |
|
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
International KRL Res. est une société d’exploration minière de zinc et de plomb basée au Canada. International KRL Res. détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont COPPER HILL, COPPER HILL, DECKER, WOLF PROPERTY, BEAR RIVER, NOR (IOCG), TIM/WOLF, CASSIAR PLATEAU, CLUFF LAKE (CARSWELL) et U CLAIMS URANIUM PROJECT au Canada. International KRL Res. est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,0 millions CA$ (1,0 millions US$, 673 729 €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2002 à 1,05 CA$, et son plus bas niveau récent le 04 décembre 2009 à 0,01 CA$. International KRL Res. possède 66 940 000 actions en circulation. |