International Enexco Announces Non-Brokered Private Placement
Vancouver, Canada -- February 13, 2014 - International Enexco Limited (TSX-V: IEC; OTCQX: IEXCF; Frankfurt: IE6) (the "Company" or "Enexco") wishes to announce that it will issue up to 1,666,667 Units at a price of CDN$0.30 per unit for aggregate proceeds of CDN$500,000 on a non-brokered private placement basis. Each Unit consists of one share and one common share purchase warrant ("warrant"). Each warrant will entitle the holder to acquire one common share of the issuer at a price of CDN$0.40 per common share for a period of 18 months from the closing. Finder's fees payable in cash may be paid on portions of the placementThe proceeds from the private placement will be used for the exploration and development of the Mann Lake Uranium Project, the Contact Copper project in Nevada, and for general working capital. The foregoing is subject to regulatory approval.About International Enexco LimitedInternational Enexco Limited is a North American exploration and development company focused on the feasibility stage, 100% owned, Contact Copper project in northern Nevada and the Mann Lake and Bachman Lake Uranium projects located in Saskatchewan's prolific Athabasca Basin. The Mann Lake project is a joint venture with Cameco (52.5%) as operator, Enexco (30%) and AREVA (17.5%) - two of the world's largest uranium companies. The Bachman Lake project is a joint venture with Denison (80%) as operator and Enexco (20%).On behalf of the Board of Directors,
"G. Arnold Armstrong"President & CEO
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International Enexco est une société développant des projet miniers de cuivre et d'uranium basée au Canada.
International Enexco détient divers projets d'exploration au Canada.
Ses principaux projets en exploration sont LOOMIS, HOT POT PROJECT, MANN LAKE, CONTACT COPPER et MANN LAKE (JV) au Canada.