International Millennium Mining Corp.: Private Placement
May 23 2013 - 9:01AM
Marketwired Canada
: Further to International Millennium Mining Corp.'s (TSX VENTURE:IMI) (the
"Company" or "IMMC") announcement of September 14, 2012, the Company has
completed the second tranche of its private placement, whereby it has raised
another $660,000. The Company will, upon Exchange approval, issue 8,250,000
units at $0.08 per unit. Each unit is comprised of one (1) common share and one
(1) non-transferable share purchase warrant entitling the holder to purchase an
additional share at $0.10 per share for a period of eighteen (18) months from
the date of issuance. The Company will pay up to an 8% finder's fee.
The Company will use the proceeds to acquire the balance of Silver Reserve
Corp.'s ("SRC") underlying interest in the Nivloc Silver and Gold Mine property
("Nivloc Property") located in southwestern Nevada (see March 11, 2013 news
release), and for working capital.
Pursuant to an agreement with SRC, the Company will acquire all of SRC's
underlying interest in the Nivloc Property upon payment of US$425,000 to SRC.
International Millennium Mining Corp. is a mineral exploration and development
company engaged in acquiring known smaller mine deposits, such as its Nivloc,
Nevada silver-gold mine project, in the Americas, with the goal of advancing the
properties to the mining stage. Emerging targets include silver, gold, copper,
zinc and lead. The Company's common shares trade on the TSX Venture Exchange
under the symbol: IMI and on the Frankfurt Exchange under the symbol: L9J.
ON BEHALF OF THE BOARD
John A. Versfelt, President & CEO
Further information about the Company can be found on the IMMC website
(www.immc.ca), on SEDAR (www.sedar.com).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. This news release may contain
forward-looking statements including but not limited to comments regarding the
timing and content of upcoming work programs, geological interpretations,
potential mineral recovery processes and other business transactions timing.
Forward-looking statements address future events and conditions and therefore,
involve inherent risks and uncertainties. Actual results may differ materially
from those currently anticipated in such statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
International Millennium Mining Corp.
John A. Versfelt
President & CEO
(604) 527-8135
(604) 527-9126 (FAX)
info@immc.ca
International Millennium Mining Corp.
Ms. Sheri Barton
403-217-5830
sheribarton@telus.net
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