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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: maxncompany7/16/2007 4:46:11 PM
   of 78417
 
ISX arranges one-million-share private placement

2007-07-16 16:07 ET - News Release

Mr. Thomas Tough reports

ISX ANNOUNCES FLOW-THROUGH PRIVATE PLACEMENT

ISX Resources Inc. intends to complete a non-brokered private placement of up to one million flow-through shares at $2.00 per share. Finders' fees may be paid in accordance with the policies of the TSX Venture Exchange. Proceeds of the placement will be used primarily on the company's 97,240-acre potash exploration permit located adjacent to the Mosaic Company's Belle Plaine potash solution mine in Saskatchewan. A portion of the proceeds will be spent to conduct preliminary geological evaluation of the hydrocarbon potential on approximately 2,000 acres, recently acquired at a Crown land sale, located in close proximity to the permit area.
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