International Samuel Exploration Corp. (TSXV:ISS) announced a non-brokered private placement of 4,500,000 flow-through units at a price of CAD 0.12 per share for gross proceeds of CAD 540,000 and 2,000,000 non-flow-through units at a price of CAD 0.10 per share for gross proceeds of CAD 200,000 on January 19, 2018. Each flow-through unit is comprised of one common share and one common share purchase warrant exercisable to acquire one non-flow-through common share at a price of $0.15 per share for a period of 24 months from the closing date of the transaction subject to abridgement of the exercise period with 30 day's notice to holders in the event that the closing price of the company’s shares for 10 consecutive trading days exceeds CAD 0.25. Each non-flow-through unit will be comprised of one common share and one share purchase warrant entitling the holder thereof to purchase one additional common share of the company at an exercise price of CAD 0.15 per share for 24 months from the closing date of the transaction subject to abridgement of the exercise period with 30 days’ notice to holders in the event that the closing price of the company’s shares for 10 consecutive trading days exceeds CAD 0.25. The transaction is subject to TSX Venture Exchange approval. The company may pay a finder’s fee of 8% cash and/or 8% warrants to eligible persons in compliance with applicable securities laws and exchange policies. All securities issued in transaction subject to four months hold period.