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| Home : IMMC Closes First Tranche of Private Placement |
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Oct 12
2012 |
IMMC Closes First Tranche of Private Placement |
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NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2012) - Further to International Millennium Mining Corp.'s (TSX VENTURE:IMI) (the "Company") announcement of September 14, 2012, the Company has closed the first tranche of its private placement which has raised gross proceeds of $822,700. Under the terms of the offering, the Company has issued 10,283,750 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 if exercised on or before April 11, 2014. Shares issued under the placement or upon exercise of the warrants are subject to a four month hold period ending February 12, 2013. The placement documents have been accepted for filing by the TSX Venture Exchange. |
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| Source:http://www.marketwire.com/mw/release.do?id=1712801&sourceType=3 |
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