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Enter Symbol
or Name
USA
CA



IDM Mining Ltd
Symbol IDM
Shares Issued 227,557,219
Close 2016-08-26 C$ 0.18
Market Cap C$ 40,960,299
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IDM Mining hires O&M for marketing, Horsley for IR

2016-08-26 09:26 ET - News Release

Mr. Robert McLeod reports

IDM MINING RETAINS O&M PARTNERS, LLC AND INVESTOR RELATIONS CONSULTANT

IDM Mining Ltd. has engaged O&M Partners LLC to assist in targeting non-deal institutional and independent money managers throughout the United States, including financial centres often overlooked. In addition, the company has retained the part-time investor relations consulting services of Nigel (Alex) Horsley.

The marketing effort by O&M will include a combination of group town hall conference calls and follow-up road shows. This campaign is an integral part of the company's overall marketing effort focused on the United States. The company's agreement with O&M will run for a period of six months, and may be further extended by agreement of the parties. In consideration for providing the services thereunder, the company will pay O&M a total of $60,000 (U.S.) over the term of the contract. In addition, 250,000 stock options have been granted to O&M with an exercise price of 19 cents with a five-year term vesting quarterly over a 12-month period, subject to the approval of the TSX Venture Exchange. Any cost and expenses incurred by O&M on behalf of IDM will be reimbursed.

New York-based O&M Partners is a non-deal institutional marketing agency, specializing in bringing Canadian companies to U.S. investors. O&M maintains strong relationships with over 5,000 accredited investors across the United States who are mandated to buy stock in the open market.

Mr. Horsley has been working in the capital markets, mining sector, venture capital and private equity sectors over the past 10 years. His focus on corporate communications has made him a market awareness specialist. Furthermore, he has handled the marketing and assisted with financing both publicly listed and private companies.

The consulting agreement with Mr. Horsley has an initial term of three months and provides for a monthly payment to Mr. Horsley of $4,350. In addition, 350,000 stock options have been granted to Mr. Horsley with an exercise price of 19 cents with a five-year term vesting quarterly over a 12-month period. The consulting agreement and granting of options are subject to the approval of the TSX Venture Exchange.

In addition, the company announces the granting of incentive stock options to certain consultants to purchase up to 150,000 common shares under the company's incentive stock option plan. The options will be granted for a period of five years, commencing on Aug. 26, 2016, exercisable at a price of 19 cents per share.

About IDM Mining

The company's current exploration and development activities are focused on precious metals in northwestern British Columbia and Yukon, with a primary focus on the high-grade Red Mountain gold project.

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