| ||October 26, 2005|
ICU Announces Private Placement To Raise $315,000.
| ||International Croesus Ventures Corp. is pleased to announce that it has negotiated a private placement for the sale of 650,000 units 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 proceeds from the private placement will be used to further explore the Company's mineral exploration properties in Mexico and for working capital. The private placement is subject to regulatory approval.
ON BEHALF OF THE BOARD
"ALASTAIR J. SINCLAIR"
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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