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ICS Copper Systems Ltd

ICS Secures Private Placement of One Million Units

Abbotsford, Canada (ots/PRNewswire)

ICS Copper
Systems Ltd. (ICX: TSX.V) is pleased to announce that it has
arranged a non-brokered private placement of 1,000,000 (One Million)
units  at a price of CDN$0.10 per unit for gross proceeds of
CDN$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 CDN$0.12 if exercised within a  period of 12 months, CDN$0.15 if
exercised within a period of 24 months,  CDN$0.20 if exercised within
a period of 36 months.
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.
The private placement is subject to acceptance for filing by the
TSX Venture Exchange. All securities to be issued pursuant to the
private placement will be subject to a four month hold.
Proceeds of the private placement will be used by the Company 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.
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

Contact:

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

Plus de actualités: ICS Copper Systems Ltd
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