Day: August 26, 2011

TUCSON, Ariz., Aug 26, 2011 (GlobeNewswire via COMTEX) — International Silver Inc. (“International Silver” or the “Company”) (otcqb:ISLV), announced today the completion of a $1,155,000 private placement of its securities. The private placement consisted of the issuance and sale of an aggregate of 7,699,998 units (the “Units”) at a purchase price of $0.15 per unit. Each Unit is comprised of one share of common stock and a three-year warrant to purchase one share of common stock at a price of $0.20 per share. Casimir Capital LP was the placement agent for the financing. The Company paid placement agent fees of $80,850 and issued three-year placement agent options to purchase a total of 539,000 Units at a purchase price of $0.15 per Unit.

CANGOLD LIMITED (TSX-V: CLD, the “Company”) reports that it has closed the second and final tranche of its non-brokered private placement financing announced on April 26, 2011. On closing, the Company issued 4,808,000 units at $0.50 per unit for gross proceeds of $2,404,000. Each unit comprises one common share and one-half of one non-transferable Series R share purchase warrant.