ICS Copper Systems Ltd

ICS Copper Systems Ltd Completes 2nd Private Placement of $100,000 CAD

    Abbotsford, Canada (ots/PRNewswire) - ICS Copper Systems Ltd. (ICX:TSX.V) announces that it has completed its  non-brokered private placement as previously announced on October 19th, 2009.  The private placement consisted of 1,000,000 units at a price of CDN$0.10 per  unit for gross proceeds of CDN$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 March 1st, 2010 at a price of CDN$0.12, until March 1st,  2011 at a price of CDN$0.15, until March 1st, 2012 at a price of CDN$0.20.

    The warrants are subject to accelerated expiry if common shares trade at  or above CDN$0.35 in any 20 consecutive trading day periods ending after the  date that is four months and a day after the closing.

    All securities are subject to a hold period expiring March 1st, 2010.

    The Company has paid to Cormel Capital LLC a finder's fee of 50,000  shares and 50,000 share purchase warrants with the same terms as above in  connection with this financing.

    Proceeds of the private placement will be used by the Company for general  working capital.


    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.

    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.

    For further information: Graham Chisholm, graham@icscopper.com, Office: +1-604-859-3007, Cell: +1-604-302-0746; Jeannette Durand, jeannette@icscopper.com

    Web Page: http://www.icscopper.com/

ots Originaltext: ICS Copper Systems Ltd
Im Internet recherchierbar: http://www.presseportal.ch

For further information: Graham Chisholm, graham@icscopper.com,
Office: +1-604-859-3007, Cell: +1-604-302-0746; Jeannette Durand,

Weitere Meldungen: ICS Copper Systems Ltd

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