/NOT FOR DISTRIBUTION TO NEWS WIRE SERVICES IN THE UNITED STATES./
VANCOUVER, Aug. 18 /CNW/ - 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.
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
For further information:
For further information: 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: email@example.com, Web Page: www.krl.net