Offering funds exploration and drilling program at Nivloc property
By Toni Weeks
San Diego, Sept. 14 - International Millennium Mining Corp. said it plans a C$1 million private placement of units.
The company will sell 12.5 million units of one common share and a warrant at C$0.08 per unit.
Each warrant will be exercisable at C$0.10 for 18 months. The strike price is a 33.33% premium to the Sept. 13 closing share price of C$0.075.
Proceeds will be used for exploration work, including a drilling program, on the company's Nivloc Silver and Gold Project in southwestern Nevada and working capital.
The company advances smaller mine properties to the mining stage and is based in Vancouver, B.C.
| Issuer: | International Millennium Mining Corp.
|
| Issue: | Units of one common share and one warrant
|
| Amount: | C$1 million
|
| Units: | 12.5 million
|
| Price: | C$0.08
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$0.10
|
| Pricing date: | Sept. 14
|
| Stock symbol: | TSX Venture: IMI
|
| Stock price: | C$0.075 at close Sept. 13
|
| Market capitalization: | C$7.05 million
|
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