VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 6, 2017) - International Millennium Mining Corp. ("IMMC" or the "Company") (TSX VENTURE:IMI) is pleased to announce that further to its December 22, 2016 news release, the TSX Venture Exchange (the "Exchange") has completed its foreign entity Personal Information Form ("PIF") background searches and the Company has received final Exchange acceptance of its non-brokered private placement financing of $1,231,250 (the "Offering"). Pursuant to the Offering, the private placement has closed and the Company will issue a total of 24,625,000 common shares (5,405,000 issued) and 24,625,000 non-transferable warrants (5,405,000 issued), to purchase 24,625,000 common shares at a price of $0.05 per share if exercised by June 29, 2019. The shares issued pursuant to the Offering are subject to a hold period expiring April 15, 2017.
Subsequent to the private placement there will be 170,202,476 shares of the Company issued and outstanding.
International Millennium Mining Corp. (TSX VENTURE:IMI) is focused on the acquisition, exploration and development of precious metal deposits in the Americas, such as its Nivloc silver-gold project in southwest Nevada. 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 and CEO
Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527-8135.
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.