INTERNATIONAL SAMUEL EXPLORATION CORP. ("ISS")
BULLETIN TYPE: Property-Asset Agreement
BULLETIN DATE: October 25, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Property Purchase and Sale Agreement dated October 17, 2017 between International Samuel Exploration Corp. and Kiska Metals Corporation whereby the Company has agreed to purchase a 100% interest in the Williams Project that is located 40 kilometres north of the Toodoggone mining camp in British Columbia. Consideration is 4,000,000 shares and bonus shares of up to 1,750,000 based on gold mineral resources estimates prepared according to NI 43-101. The Vendor and Vendor parent company will maintain a 1.25% Net Smelter Royalty ("NSR"). Additionally, the property contains an underlying 1.25% NSR and includes an advance royalty payment of $5,000 per year of which the Company may repurchase 30% of the underlying royalty for $500,000 or 60% for $1,000,000 subject to further Exchange review and acceptance.
For further information please refer to the Company's new release dated October 18, 2017.
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