Welcome to the International Gold Mining HUB on AGORACOM
Australia gold
Message: Close of Tranche 2 of Non-Brokered Private Placement
| March 5, 2009 |
| International Gold Mining Limited: Close of Tranche 2 of Non-Brokered Private Placement |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2009) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES SERVICES OR FOR DISSEMINATION IN THE UNITED STATES INTERNATIONAL GOLD MINING LIMITED (TSX VENTURE:IGL) (the "Company") is pleased to announce that it has received regulatory acceptance and closed the second tranche of its non-brokered private placement consisting of 928,453 common shares at a price of $0.06 per share, for gross proceeds of $55,707. All securities issued in connection with this financing will be subject to a four month hold period, expiring July 2, 2009. The Company will now proceed with Tranche 3 of its non-brokered private placement for the remaining 2,398,122 shares, out of the total placement of 11,000,000 shares. To date, the Company has placed a total of 8,601,878 common shares, for gross proceeds totaling $516,113. The gross proceeds from the private placement will be used for ongoing exploration on the Company's uranium projects located in the East African Republic of Tanzania and to provide the company with additional working capital. International Gold Mining Limited is a junior exploration company with operations in Australia and Tanzania and trades on the TSX Venture Exchange (Canada) trading symbol IGL-V. On behalf of the Board of Directors INTERNATIONAL GOLD MINING LIMITED Alan Phillips, President/CEO |
Loading...
Loading...
New Message
Please
login
to post a reply