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ICS Copper Systems Ltd

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 placement remains subject to TSX Venture
Exchange approval.
Finder's fees will be paid up to 10% of the proceeds in
connection with the placement, subject to Exchange approval.
Amendment Agreement
The Company wishes to report that it has signed an "Amendment
Agreement" to the "Mining Option and Joint Venture Agreement" for the
Mokambo Property, initially signed by the company on August 7th 2006,
which effectively allows for the balance of CAD$1,900,000 to be
repaid over a  longer period of time, with the last payment being due
April 30, 2010.
The Company is presently in discussions to increase its equity
option position in the Mokambo property from 70% to 90%.
The Company wishes to advise that Mr. Graham Chisholm will be
presenting at the Investment Conference in London England "Mining in
Zambia & Zimbabwe, The Opportunities, Risk & Rewards" on June 25,
2008 to a host of Mining  Analyst and Institutional Investors.
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/

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

Plus de actualités: ICS Copper Systems Ltd
Plus de actualités: ICS Copper Systems Ltd
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  • 17.04.2008 – 20:09

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  • 16.04.2008 – 20:00

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