INTERNATIONAL MILLENNIUM CLOSES $350K PRIVATE PLACEMENT
North Vancouver, BC: Further to International Millennium Mining Corp. (the "Company") (TSX-V: IMI) announcements February 11, and 12, 2010, the Company has closed a $350,000 private placement. The closing is with respect to 5,000,000 units subscribed at $0.07 per unit. Each unit is comprised of one (1) common share and one half (�) non-transferable share purchase warrant. Each full warrant entitles the holder to purchase an additional share for $0.11 if exercised on or before February 19, 2012. Shares issued under the placement or upon exercise of the warrants are subject to a four month hold period ending June 20, 2010. The placement documents have been accepted for filing by the TSX Venture Exchange. Finder's fees will be paid and broker unit warrants will be issued by the Company with respect to a portion of the placement. Broker unit warrants entitle the holder to acquire one broker unit at $0.07 per unit if exercised on or before February 19, 2012, each broker unit is comprised of one share and one ordinary share purchase warrant entitling the holder to acquire one additional share for $0.11 on or before February 19, 2012.
The Company will use the proceeds of the private placement for exploration work on its Canadian and Nevada mineral properties and for working capital. The Company currently has a drilling program underway on its Simon property in Nevada.
About International Millennium Mining Corp. International Millennium Mining Corp. is a mineral exploration and development company engaged in acquiring known small mines 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 Mr. Wayne Meredith: 604-569-2509 waynem@immc.ca or Mr. John Versfelt, President & CEO of the Company at 604-984-9907
* * * * * * * 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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