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ICS Copper Systems Ltd

ICS Copper Systems Ltd Announces Completion of CDN$1.1 Million Private Placement

Abbotsford, Canada (ots/PRNewswire)

ICS Copper Systems
Ltd. (ICX:TSX.V) reports that it has completed its  non-brokered
private placement as previously announced on May 26th, 2008. The
private placement consisted of 2,750,000 units at a price of CDN$0.40
per unit  for gross proceeds of CDN$ 1,100,000. Each Unit is
comprised of one common  share (a "Share") and one full warrant
entitling the holder to purchase a  common share until June 11, 2010
at a price of CDN$0.50.
All securities are subject to a hold period expiring October 12,
2008.
The Company has paid a finders' fee of CDN$100,000 CAD in
connection  with this financing.
The proceeds of the private placement will be used towards option
payments for the Mokambo Mine and for general working capital.
ICS COPPER SYSTEMS LTD.
Signed "Graham Chisholm"
Graham Chisholm, President & CEO
This release includes certain statements that are
"forward-looking  statements". All statements in this release, other
than statements of  historical facts that address future exploration,
development and production  activities, and other circumstances,
events and developments that the Company  expects, are
forward-looking statements. Although management believes the
expectations expressed in such forward-looking statements are based
on  reasonable assumptions, such statements are not guarantees of
future  performance, and actual results, events and developments may
differ  materially from those in the forward-looking statements. The
occurrence of  certain risk factors, the probability of which is
unknown, may also affect  actual results, events and developments
expected by the Company.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information: Graham Chisholm,  graham@icscopper.com,
Office:  +1-604-859-3007, Cell: +1-604-302-0746; For Investor
Relations: Brett  Whitelaw,  brett_whitelaw@telus.net, Tel:
+1-604-662-8633
Web Page: http://www.icscopper.com/ (ICX.)

Contact:

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746; For Investor
Relations: Brett Whitelaw, brett_whitelaw@telus.net, Tel:
+1-604-662-8633

Weitere Storys: ICS Copper Systems Ltd
Weitere Storys: ICS Copper Systems Ltd
  • 10.06.2008 – 18:39

    Mokambo Receives EIA Approval to Mine and Process Oxides

    Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems Ltd. (ICX:TSX.V) is pleased to announce that the Company has obtained approval from the Environmental Council of Zambia for its Environmental Impact Assessment (EIA). This is a significant milestone in advancing the Mokambo property. This approval, along with the NI 43-101 Mineral Resource Technical Report, that is underway, allows the Company to ...

  • 26.05.2008 – 12:06

    ICS Copper Systems Ltd Announces CAD$1.1 Million Private Placement

    Abbotsford, British Columbia (ots/PRNewswire) - ICS Copper Systems Ltd. (ICX:TSX.V) reports that it has arranged a private placement of 2,750,000 units at a price of CAD$0.40 per Unit for gross proceeds of CAD$1,100,000. Each Unit will consist of one common share and one full warrant entitling the holder to purchase a common share at a price of CAD$0.50 for a period of 24 months after closing. Completion of the ...

  • 07.05.2008 – 13:03

    Installation of EMEW Plant in Zambia by Q4 of 2008 - On Schedule

    Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems Ltd. (ICX:TSX.V) is pleased to announce that the company is on track to complete the installation of its EMEW plant by Q4 of 2008 at the Mokambo site in Mufulira, Zambia. The plant is designed to produce approximately 600 tonnes of finished copper and approximately 100 tonnes of cobalt carbonate annually. The Company will initially be processing third party ...