IMC International Mining Corp. to Commence Trading on the CSE
24 September 2019 - 10:00PM
International Mining Corp (CSE: IMCX) (the “Company” or
“IMC”), announces it will commence trading on the Canadian
Securities Exchange under the symbol IMCX on Tuesday, September 24,
2019. The Company will focus on acquiring, exploring and developing
gold assets, including its 100% owned Bullard Pass Property which
is a located in west-central Arizona within the Pierce Mining
District in Yavapai County.
The Bullard Pass Property is comprised of 171
unpatented federal lode claims and was first acquired by IMC’s
wholly owned subsidiary, Canadian Mining of Arizona, Inc. in 2007.
Since that time a series of exploration programs that included
orientation, lithogeochemical sampling, enzyme leach soil sampling,
and diamond drilling of 8 holes have been completed on the
property. IMC has been in the process of verifying historic work
associated with the property. In particular, IMC has just completed
an August-September, Mobil Metal Ions (MMI), soil-sampling program
that covered a portion of the previously sampled enzyme leach
grids. The purpose of this program was to compare soil-sampling
methods of the Quaternary surficial deposits.
The regional setting of the Bullard Pass gold
project is typical of detachment fault gold deposits and has
geological, mining and metallurgical similarities to the Mesquite
Mine in California.
The Company is planning an exploration program
for the fall of 2019 and expects to update the market in the coming
weeks of its operations. Simultaneous with the Bullard Pass
exploration, the Board of Directors is actively reviewing new
opportunities for project generation and continued financing to
create shareholder value.
The Company will be led by: Brian Thurston, who
has appointed Chief Executive Officer, President and Director; Eli
Dusenbury who has been appointed Chief Financial Officer; and Dave
McMillan and Mike Aujla who have been appointed as Independent
Directors.
The Company raised and closed $415,000 CAD in
funding and secured a $400,000 CAD operating draw down line of
credit. The Company has 11,546,621 shares issued and outstanding as
of September 24, 2019, of which, 5,940,000 shares from a previously
announced (April 18, 2019) private placement have been voluntary
placed under escrow restrictions and will be released over 36
months. A further 3,063,114 shares have also been escrowed under
CSE rules and have a 36-month release provision.
Brian Thurston, P. Geo., a qualified person as
defined in National Instrument 43-101, has prepared, supervised the
preparation of or approved the scientific and technical disclosure
contained in this news release
ON BEHALF OF THE BOARD OF
DIRECTORSBrian ThurstonChief Executive Officer and
President
ABOUT INTERNATIONAL MINING
CORP.
IMC International Mining Corp. is a junior
exploration and development company. It is focused on creating
shareholder value through the acquisition, exploration and
development of gold assets, which include the Company’s 100% owned
Bullard Pass Property in Arizona.
IMC is currently evaluating other additional
properties to add to its portfolio of mining assets.
INVESTOR
RELATIONS:ir@imcorp.ca1 (604) 588-2110imcorp.ca
Forward-Looking Information:
This news release contains "forward-looking information" within the
meaning of applicable securities laws relating to statements
regarding the Company's business plans and prospects and the future
of the Company’s business, the acquisition, exploration and
development of it assets, the ability to create shareholder value
and the date upon which the Company commences trading on the
Canadian Securities Exchange. Although the Company believes that
the expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking information. Such forward-looking
statements are subject to risks and uncertainties that may cause
actual results, performance and developments to differ materially
from those contemplated by these statements depending on, among
other things, the risks that the Company's plans and prospectus
will vary from those stated in this news release and the Company
may not be able to carry out its business plans as expected. Except
as required by law, the Company expressly disclaims any obligation
and does not intend to update any forward-looking statements or
forward-looking information in this news release. Although the
Company believes that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct.
Accordingly, readers should not place undue reliance on
forward-looking information. The statements in this news release
are made as of the date of this release.
The CSE has not reviewed, approved or disapproved
the content of this press release
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