International Gold Mining Limited
TSX VENTURE : IGL

International Gold Mining Limited

June 12, 2008 08:22 ET

International Gold Mining Limited Extends Capital Street IR Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2008) - INTERNATIONAL GOLD MINING LIMITED (TSX VENTURE:IGL) (the "Company") is pleased to announce that it has renewed Capital Street Group Investment Services Inc (Capital Street) Investor Relations Consultancy Agreement for a further 6-months until 6 January 2009.

Capital Street's services will be retained on the same terms of $5,000 per month plus reimbursement of all reasonable out-of-pocket expenses. As part of the renewal, the Company has agreed to issue a further 500,000 stock options under its stock option plan to Capital Street. The stock options will be exercisable for a 3-year period at a price of CDN$0.25 per share, subject to a four-month hold period commencing on the date of the grant and be subject to TSX Venture Exchange vesting rules. As a result, Capital Street will hold a total of 750,000 stock options, including 250,000 stock options previously issued on 11 March 2008.

Following issue of 500,000 stock options to Capital Street, the Company will have issued a total of 8,500,000 stock options under its incentive stock option plan.

The Company is a junior exploration Company with operations in Australia and Tanzania and trades on the TSX Venture Exchange (Canada) with the trading symbol IGL-V.

On behalf of the Board of Directors

INTERNATIONAL GOLD MINING LIMITED

Alan Phillips, President/CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Capital Street Group
    Investor and Media Inquiries
    Toll Free IR Line: 1-888-684-1183
    Local: (778) 785-0979
    Direct: (604) 988-8186
    Website: www.ingoldmin.com