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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.
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
Plus de actualités: ICS Copper Systems Ltd
  • 30.09.2009 – 14:16

    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 ...

  • 10.09.2009 – 21:24

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