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VANCOUVER, Sept. 25 /CNW/ - International KRL Resources Corp. (TSXV:IRK) (the "Company") today announced that it has closed the second and final tranche of a non-brokered private placement and has issued 4,000,000 units at a price of $0.015 per Unit for gross proceeds of $60,000. 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 January 17, 2010. 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.
SOURCE INTERNATIONAL KRL RESOURCES CORP.
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, Tel: (604) 689-0299, Fax: (604) 689-0288, Email: email@example.com, Web Page: www.krl.net