Tous Actualités
Suivre
Abonner ICS Copper Systems Ltd

ICS Copper Systems Ltd

ICS Copper Systems Ltd Announces & Completes a Private Placement of $100,000 CAD

Abbotsford, Canada (ots/PRNewswire)

ICS Copper Systems
Ltd. (ICX:TSX.V) announces that it has completed a non-brokered
private placement approved by the TSX Venture Exchange. The private
placement consisted of 1,000,000 units at a price of $0.10 per unit
for gross proceeds of $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 April 2nd, 2010 at a price of $0.12,
until April 2nd, 2011 at a price of $0.15, until April 2nd, 2012 at a
price of $0.20.
The warrants are subject to accelerated expiry if common shares
trade at or above $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 April
2nd, 2010.
Proceeds of the private placement will be used by the Company for
general working capital.
Zambian EMEW Plant Update
All building materials and equipment are now on site near Kitwe,
as well as the 1050 kva generator. It is intended that the 1050 kva
generator will provide back up power supply to the plant with excess
power generated being sold back to the grid. The leach circuit design
was awarded to African Mining Consultants in Zambian who have
subsequently prepared the mass balances and flow sheet for the leach
circuit and initial equipment list.
An application for environmental compliance in the form of an
Environmental Preliminary Brief (EPB) has been submitted to the
Environmental Council of Zambia for approval. Once this approval is
received we will be able to construct the leach circuit, pour
concrete, erect the EMEW building and install the EMEW plant.
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, Web Page: http://www.icscopper.com/

Plus de actualités: ICS Copper Systems Ltd
Plus de actualités: ICS Copper Systems Ltd
  • 30.10.2009 – 13:04

    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 ...

  • 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 ...