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International Isotopes Inc. Announces Successful Completion of a Private Placement
Date:9/18/2009

IDAHO FALLS, Idaho, Sept. 18 /PRNewswire-FirstCall/ -- International Isotopes Inc. (OTC Bulletin Board: INIS) announces the successful conclusion of a private placement completed among numerous directors, past investors and major shareholders.

International Isotopes Inc. successfully completed a private placement with certain shareholders on September 18, 2009 for just under $1 million. In this private placement, the Company offered approximately 4 million Units, each Unit consisting of one share of common stock, priced at $0.30 per common share, and one warrant to purchase another share of common stock for $.40. In a related transaction the Company also converted approximately $380,000 of indebtedness owed to a past Chairman of the Board of the Company into units under terms similar to the private placement. All of the issued shares will be unregistered securities. The offering was entirely led by the Company, and there were no selling commissions or fees paid by the Company, other than standard legal expenses for document preparation.

The net proceeds from the private placement will be used to support ongoing engineering design and license application preparation efforts for the Company's planned uranium processing and fluorine extraction facility. The planned facility remains on schedule with the next anticipated major milestone of submitting its license application to the Nuclear Regulatory Commission later this year.

Steve T. Laflin, Chief Executive Officer stated, "We are very pleased with the level and amount of participation of our shareholders in the private placement. We are also satisfied with the continued progress of the engineering design and license application work. The funding from this private placement will see the project through license submittal later this year and efforts are already well underway for the next major round of financing to co
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SOURCE International Isotopes Inc.
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