8th Floor, 700 West Georgia Street
Vancouver, British Columbia V7Y 1G6
Tel: (604) 718-5454; Fax: (604) 646-2054
info@internationalsamuel.com ; www.internationalsamuel.com
NEWS RELEASE
MR. GREGORY STEWART JOINS THE BOARD OF DIRECTORS
INTERNATIONAL SAMUEL CLOSED FIRST TRANCHE
OF NON-BROKERED PRIVATE PLACEMENT
January 6, 2012: International Samuel Exploration Corp. (the
"Company") is pleased to announce that Mr. Gregory Stewart
has joined the Board of Directors.
Mr. Stewart is an independent businessman based in Calgary,
Alberta. Over the last 25 years Mr. Stewart has been engaged
in the management and leadership of several private
companies. These range from oilfield equipment leasing to
venture financing of oil and gas exploration projects. Two
private investment vehicles are engaged in the business of
listed company equity investment. Strong organizational,
research and analytical abilities are the skills which have
been developed over these years.
Public company involvement includes 11 years as a director of
Algonquin Oil & Gas Limited
( PetroShale Inc. Feb. 2012 ) during which time he served as
Chairman and CEO from February
2008 to April 2010.
The Board of Directors and Management would like to thank Mr.
Robert Krause, who resigned to pursue other interests, for
his time and service to the Company.
On another matter, the Company announces that it has closed
the first tranche of its previously announced non-brokered
flow through unit financing.
The Company issued 400,000 flow through units ("FT Units) at
$0.10 per FT Unit. Each FT Unit consists of one common share
and one-half of one non-flow-through share purchase warrant.
Each whole warrant will entitle the holder to subscribe for
one additional non-flow- through common share of the Company
at a price of $0.25 per share for a one year period from the
closing date.
All the securities issued in connection with this closing
carry a legend restricting them from trading until May 1,
2012.
The proceeds of this private placement will be used for the
purpose of carrying out the exploration programs on the
Company's British Columbia properties.
Conrad Swanson
President & CEO
For further information, please contact: info@internationalsamuel.com
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.
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