International Millennium Closes
Non-Brokered Private Placement
North
Vancouver, BC: International Millennium Mining Corp. (the "Company")
announces it has closed its non-brokered private placement of 2,650,000
units (450,000 flow-through units and 2,200,000 non-flow-through units) for
total cash proceeds of $185,500. The units are priced at $0.07 per
unit, with each flow-through unit comprised of one (1) flow-through common
share and one half (�) non-flow-through, non-transferable share purchase
warrant, and each non-flow-through unit comprised of one (1) common share
and one half (�) non-transferable share purchase warrant. Each full warrant
will entitle the holder to purchase an additional share for $0.10 if
exercised on or before September 17, 2011. Shares issued under the
placement or upon exercise of the warrants are subject to a four month hold
period ending January 19, 2010. The placement has TSX Venture Exchange
acceptance subject to final documentation. No finder's fees or commissions
have been paid with respect to this placement.
The Company will use the proceeds of the private placement for
exploration work on the Company's Harrison Lake properties and for working
capital.
About International Millennium Mining Corp
International Millennium Mining Corp. is a mineral exploration and
development company engaged in acquiring known small mine deposits
world-wide and in the exploration of polymetallic mineral properties in
Canada and the Americas. To date, the Company has acquired and is exploring
mineral properties in British Columbia and Ontario, Canada; Nevada, USA;
and Sonora State, Mexico. Emerging mineral targets include gold, silver,
cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals.
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
John A. Versfelt
President and CEO
Further information about the
Company can be found on SEDAR (www.sedar.com) or by contacting:
* * * * * * *
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.
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