By Sheri Kasprzak
New York, June 19 - International Millennium Mining Corp. said it plans to raise C$5 million in a private placement of subscription receipts and units once it attains a listing on the Toronto Stock Exchange's Venture Exchange.
The offering includes subscription receipts exchangeable for up to C$3 million in flow-through units at C$0.40 per unit and up to C$2 million in non flow-through units at C$0.35 per unit.
The flow-through units consist of one share and one half-share warrant. Each whole warrant allows for the purchase of another flow-through share at C$0.45 for two years.
The non flow-through units are comprised of one share and one warrant. Each warrant is exercisable at C$0.40 for two years.
Integral Wealth Securities Ltd. is the placement agent.
International Millennium, based in Vancouver, B.C., is a mineral exploration, development and acquisition company.
Receipts for flow-through units
| Issuer: | International Millennium Mining Corp.
|
| Issue: | Subscription receipts exchangeable for flow-through units of one share and one half-share warrant
|
| Amount: | C$3 million
|
| Units: | 7.5 million
|
| Price: | C$0.40
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.45
|
| Placement agent: | Integral Wealth Securities Ltd.
|
| Pricing date: | June 19
|
|
|
| Receipts for non flow-through units
|
| Issuer: | International Millennium Corp.
|
| Issue: | Subscription receipts exchangeable for non flow-through units of one share and one warrant
|
| Amount: | C$2 million
|
| Units: | 5,714,285
|
| Price: | C$0.35
|
| Warrants: | One warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.40
|
| Placement agent: | Integral Wealth Securities Ltd.
|
| Pricing date: | June 19
|
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