| ||November 10, 2005|
ICU Closes $318,500 Private Placement
| ||International Croesus Ventures Corp. is pleased to announce that its private placement announced on October 26, 2005 has closed. 650,000 units have been issued at $0.49 each to raise gross proceeds of $318,500. Each unit consists of one share and one warrant to buy an additional share at $0.61 for a period of two years. The securities are subject to resale restrictions ending on March 10, 2006. |
The proceeds from the private placement will be used to further explore the Company's mineral exploration properties in Mexico and for working capital.
ON BEHALF OF THE BOARD
Alastair J. Sinclair, Ph.D., President
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy, or accuracy of this release.
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