Tweety
4 years ago
Hi Redeemed, I just spoke to Brian Thurston, the CEO.
He is aware 0f the critical error on the website.
They are trying to fix it, but Brian said they might have to rebuild the website.
The Bullard Pass Property in Arizona has been put on hold due to covid-19.
If anyone wants to call Brian, his number is +1-778-928-6565
I'm in the central time district and his time zone is 2 hours earlier.
First I tried calling the investor relations number and I was transferred to a voice mailbox, so don't even call that number.
The contract with PR firm, Media Relations Publishing has not started yet at the request of Brian. Investor news should be forthcoming within 2 months.
My Opinion, the shares are cheap. It's a good time to accumulate if you have the funds.
Tweety
Redeemed67
4 years ago
IMC International Mining Corp. Closes Flow-Through Private Placement and Reinitiates Marketing Campaign
July 27, 2020 imcxadmin News Releases 0 Comments
Vancouver, BC – IMC International Mining Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (the “Company” or “IMC”) is pleased to announce that it has completed its non-brokered flow-through private placement offering previously announced on June 26, 2020, issuing an aggregate of 3,333,334 flow-through units of the Company (the “FT Units”, and each an “FT Unit”) at a price of $0.30 CDN per FT Unit for gross proceeds of $1,000,000 CDN (the “Private Placement”). The Company is also pleased to announce the commencement of a marketing campaign with Media Relations Publishing (“MRP”).
Private Placement
Each FT Unit consists of one common share of the Company that qualifies as a “flow-through share” for the purposes of the Income Tax Act (Canada) (an “FT Unit Share”) and one-half of one common share purchase warrant, whereby each whole common share purchase warrant (a “Warrant”) entitles the holder to purchase one additional common share of the Company (a “Common Share”) at a price of $0.40 CDN for a period of 24 months from the date of issuance.
The Warrants are subject to an acceleration provision such that in the event the common shares of the Company trade on the Canadian Securities Exchange, or other recognized stock exchange or market, as applicable, at a price of $0.65 or more for a period of at least fourteen (14) consecutive trading days, the Company shall be entitled to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the Warrants.
In connection with the closing of the Private Placement, the Company paid aggregate finders’ fees of $30,048.61 and issued an aggregate of 100,162 finders’ warrants (the “Finders Warrants“) to eligible finders. Each Finders Warrant entitles the holder to purchase one Common Share at a price of $0.40 CDN for a period of 24 months from the closing of the Private Placement.
The net proceeds raised from the sale of the FT Units in the Private Placement will be used to fund exploration work that qualify as “Canadian Exploration Expenses” and “flow-through mining expenditures”, as such terms are defined in the Income Tax Act (Canada), on the Company’s Thane Property in north-central British Columbia.
All securities issued pursuant to the Private Placement are subject to a four month hold period in accordance with applicable securities laws.
A director of the Company acquired FT Units in connection with the Private Placement, which is considered to be a “related party transaction” for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on section 5.5(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves the interested party, is not more than the 25% of the Company’s market capitalization. Additionally, the Company is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(a) of MI 61-101 as the fair market value of the transaction, insofar as it involves the interested party, is not more than the 25% of the Company’s market capitalization. The Company did not file a material change report more than 21 days before closing the Private Placement as matters relating to the related party’s participation in the Private Placement were not settled until within such 21-day period and the Company wished to close the Private Placement on an expedited basis for sound business reasons.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Marketing Campaign
The Company is also pleased to announce that it has reinitiated its investor relations agreement (the “Investor Relations Agreement”) with MRP such that, in exchange for payment by the Company to MRP of an aggregate additional €300,000, MRP’s investor relations services under the Investor Relations Agreement have been engaged for an additional two to three months starting on or around August 1, 2020.
The Company also announces that it has granted stock options for a total of 4,150,000 common shares of the Company to officers, directors, and consultants of the Company. These stock options are exercisable at $0.30 per stock option for a period of five years. These stock options vest over a period of 18 months following the grant date and are governed by the terms and conditions of the Company’s Equity Incentive Plan.
Following this grant of stock options, the Company has a total of 5,855,000 stock options outstanding representing approximately 11.09% of the outstanding common shares of the Company. This stock option grant is subject to Canadian Securities Exchange approval.
Redeemed67
4 years ago
IMC International Mining Corp. Mobilizes Exploration Crews to its Thane Property
July 10, 2020 imcxadmin News Releases 0 Comments
Vancouver, BC – IMC International Mining Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (the “Company” or “IMC”)
is pleased to announce that it has begun mobilizing crews to begin fieldwork on its Thane Property (the “Property”) located in north-central British Columbia, Canada. Work on the Property has identified six areas of significant gold ± copper ± silver mineralization. Field work in 2020 will focus predominantly in the Cathedral Area and will consist of ground geophysics, alteration mapping, along with rock, soil, and silt sampling, all with the purpose of delineating the best targets for drill testing.
Highlights
The Thane Property to date has had six areas of significant gold ± copper ± silver mineralization identified – The Cathedral, Gail, Cirque, CJL, Lake, and Mat Areas of the Property.
Field work this summer will encompass all Areas to some degree but will focus exploration efforts at the Cathedral Area.
Phase 1 work at the Cathedral Area in 2020 will consist of a detailed ground geophysical survey centered over last year’s geophysical discovery, alteration mapping, rock, soil, silt sampling, and pad building.
Phase 2 work at the Cathedral Area in 2020 is expected to consist of diamond drilling to be conducted in the fall, based on the results of the above detailed exploration work.
2020 Phase 1 Thane Exploration Program
The Thane Property totals 206km2 (50,904 acres) in area and is located in north-central British Columbia. Summer and fall are generally the most attractive seasons of the year to conduct field work in this region. Rugged Edge Holdings Ltd. have been contracted to provide a full-service camp facility to support IMC’s 2020 work program. Field crews have been mobilized to the Property area earlier this week and are close to completing the construction of a base camp. The camp facility is constructed and managed to meet all Covid-19 procedures and protocols, reflecting guidance from the government and provincial health authorities, to provide worker safety on and off site.
Induced polarization and resistivity (“IP/resistivity”) is a tool commonly used in mineral exploration to detect electrical chargeability and conductivity in the sub-surface. In 2019, a reconnaissance 5-line, pole-dipole, IP geophysical survey was undertaken within the Cathedral Area using an electrode spacing of 100 meters. This survey identified three areas of interest that include a broad 600-meter wide anomaly extending to depth east of the Cathedral Showing. Although no rock outcrop/samples occur around the broad, 600-meter IP anomaly, a contour soil line covering this area returned copper-in-soil anomalies at both the eastern and western edges of this anomaly. Results from this program are detailed further in the Company’s press releases from May 6 & 19, 2020.
Peter E. Walcott & Associates Limited, under the direction of CME Consultants Inc., the operator of the 2020 work program, has been contracted to complete a detailed induced polarization geophysical survey that will expand upon and generate greater detail over last year’s broad 600-meter wide anomaly, discovered at the Cathedral Area.
Concurrent with the geophysics, soil sampling will be conducted over the same geophysical grid. As with the 2019 results, it is hoped that anomalous levels of copper and/or gold in the soil will be detected and those anomalies will coincide with areas of conductivity or resistivity, suggesting the presence of mineralization. Alteration mapping of the Cathedral Area will also be completed to maximize the potential for successful drill hole targeting.
“We are very excited to begin our 2020 exploration program in the Cathedral Area and we are diligently working towards exploring and developing the entire Thane Property,” stated Brian Thurston, Chief Executive Officer. “This region is a very active gold and copper exploration area of British Columbia, similar to BC’s renowned ‘Golden Triangle’. The Quesnel Terrane along the northeast contact of the Hogem Batholith is an alkalic suite of rocks hosting several porphyry copper-gold deposits.The Thane Property is well situated in this district, approximately 116 km southeast of the Kemess Mine, and 155 km northwest of the Mount Milligan Mine.”
Qualified PersonThe scientific and technical information disclosed in this news release was reviewed, verified and approved by Brian G. Thurston, P. Geo., of IMC who is a “Qualified Person” as defined in NI 43-101. Mr. Thurston is a Director, Officer and shareholder of the Company
ON BEHALF OF THE BOARD OF DIRECTORS
Brian Thurston
Chief Executive Officer and President
ABOUT INTERNATIONAL MINING CORP.
IMC is a junior exploration and development company focused on creating shareholder value through the advancements of its current assets that include the Thane Property in north-central British Columbia, and the Bullard Pass Property in Arizona. Utilizing its heavily experienced management team, IMC continues to source and evaluate assets to further generate shareholder value.
The Thane property covers approximately 206km2 (50,904 acres) and is located in the Quesnel Terrane of north-central British Columbia. The northern part of the Quesnel Terrane extends from south of the Mt. Milligan Mine northward to the Kemess Mine, with the Thane property located midway between these two copper-gold porphyry deposits. The Thane property includes several highly prospective mineralized areas identified to date, including the ‘Cathedral Area’ on which the Company’s exploration is currently focused.
The Bullard Pass Property is comprised of 171 unpatented federal lode claims totaling 3,420 acres and is located in west-central Arizona, northwest of Phoenix, within the Pierce Mining District of Yavapai County. The property has a regional setting typical of detachment fault gold deposits and has geological, mining and metallurgical similarities to the Mesquite Mine in California. The claims are 100% owned by IMC International Mining Corp.
Redeemed67
4 years ago
IMC International Mining Corp. Announces $1,000,000 Flow-Through Private Placement
VANCOUVER, BC / ACCESSWIRE / June 26, 2020 / IMC International Mining Corp. (IMCX.CN)(OTC PINK:IMIMF)(3MX.F) (the "Company" or "IMC"), is pleased to announce that it intends to complete a non-brokered private placement offering (the "Offering") of up to 3,333,333 flow-through units of the Company (the "FT Units", and each an "FT Unit") at a price of $0.30 CDN per FT Unit for gross proceeds of up to $1,000,000 CDN. Each FT Unit will be comprised of one common share of the Company that qualifies as a "flow-through share" for the purposes of the Income Tax Act (Canada) (an "FT Unit Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.40 CDN at any time prior to the date that is twenty-four (24) months following the closing date of the Offering.
The gross proceeds raised from the sale of the FT Units under the Offering will be used by the Company to fund exploration programs on its Thane Property in north-central British Columbia that qualify as "Canadian Exploration Expenses" ("CEE") and "flow-through mining expenditures", as those terms are defined in the Income Tax Act (Canada).
Closing of the Offering is anticipated to occur on or before July 3, 2020 and is subject to regulatory acceptance. Finder's fees may be payable in appropriate circumstances in connection with the Offering.
The FT Unit Shares and the Warrants issued pursuant to the Offering will be subject to a hold period under applicable Canadian securities laws of four months and one day from the closing date of the Offering.
Redeemed67
4 years ago
VANCOUVER, BC / ACCESSWIRE / June 15, 2020 / IMC International Mining Corp. (IMCX.CN)(OTC PINK:IMIMF)(3MX.F)(the "Company" or "IMC"), is pleased to announce that it has received an amendment to its previously filed Mineral Exploration Permit for its Thane Property (the "Property") located in north-central British Columbia. The amendment allows the Company to drill up to 40 holes within the Cathedral Area of the Property.
Work on the Property has identified six areas of significant gold ± copper ± silver mineralization. The Cathedral Area is the most advanced of these areas and exploration results to date have revealed copper and gold mineralization in a variety of styles over a 2 km long by 1.5 km wide zone, all consistent with alkali porphyry systems.
"Exploration results to date have shown the potential for a significant copper-gold alkalic porphyry system within the Cathedral Area," stated Brian Thurston, Chief Executive Officer and President of IMC. "The Company is currently on schedule to begin its Phase-1 summer program. We have planned a detailed IP geophysical survey, geological mapping, and geochemical sampling programs to begin in early July. Our goal is to determine the best targets for diamond drilling this fall. We look forward to integrating results from this Phase 1 program with our current Cathedral Area database in order to establish the best potential sites for drilling."
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