International KRL Resources Corp. announces $150,000 private placement



    
    /NOT FOR DISTRIBUTION TO NEWS WIRE SERVICES IN THE UNITED STATES/
    

    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.





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, Fax: (604)
689-0288, Email: info@krl.net, Web Page: www.krl.net

Organization Profile

INTERNATIONAL KRL RESOURCES CORP.

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