17:13:00 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



IDM Mining Ltd
Symbol IDM
Shares Issued 44,250,701
Close 2015-04-17 C$ 0.115
Market Cap C$ 5,088,831
Recent Sedar Documents

ORIGINAL: IDM Mining issues 4.51 million shares for $676,845 debt

2015-04-20 09:17 ET - News Release

Received by email:

File: #4_042015_SharesForDebt.docx

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FOR IMMEDIATE RELEASE                                                             April 20, 2015
(IDM 2015 - NR #3)

IDM Mining Ltd. Announces Shares for Debt Settlement

Vancouver, British Columbia - April 20, 2015 - IDM Mining Ltd. (the "Company") is pleased to announce that it has rece
--->ived regulatory approval and has extinguished $676,845 of amounts owing to certain arms-length creditors through the i
--->ssuance of 4,512,301 common shares of the Company at a deemed price of $0.15 per share.  The shares are subject to a 4
---> month hold period from the date of issuance. 

ABOUT RED MOUNTAIN
IDM Mining is currently earning an option to acquire a 100% interest in the 17,125 hectare Red Mountain property, loca
--->ted 15 kilometers northeast of Stewart, BC.  Numerous precious and base metal targets have been identified by IDM and 
--->previous operators over a 15 km by 4 km trend of strong alteration and mineralized prospects.  Since discovery in 1989
--->, in excess of $40 million has been spent on the Project including a production sized underground ramp.
IDM announced positive results from a NI 43-101 PEA and revised Resource Estimate completed by JDS Energy & Mining Ltd
--->. for Red Mountain (see IDM news release dated July 23, 2014). A technical report prepared in compliance with the requ
--->irements of the Canadian Securities Administrators' NI 43-101 has been filed on SEDAR and the Company's website.  
At a 3.0 g/t Au cutoff, Measured and Indicated Resources from the Marc and AV Zones at Red Mountain are 1,454,300 tonn
--->es averaging 8.15 g/t Au and 29.57 g/t Ag totaling 380,900 oz Au and 1,382,800 oz Ag.  Inferred Resources from the Mar
--->c, AV and JW Zones are 332,900 tonnes averaging 7.69 g/t  Au and 12.72 g/t Ag totaling 82,300 oz Au and 136,200 oz Ag.

ABOUT IDM MINING LTD.
IDM Mining Ltd. is mineral exploration company (TSX: IDM) based in Vancouver, BC, Canada.  The Company's current explo
--->ration activities are focused on precious metals exploration.  Further information can be found on the Company's websi
--->te at www.IDMmining.com.


ON BEHALF OF THE BOARD
of IDM Mining Ltd.

"Robert McLeod"

President, CEO and Director

For more information, contact:

Robert McLeod
604-681-5672 direct
604-617-0616 cell
rm@idmmining.com





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