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Completion of Tranche 2 of Non-Brokered Private Placement
posted on
Feb 09, 2009 11:16AM
February 9, 2009
International Gold Mining Limited: Completion of Tranche 2 of Non-Brokered Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 9, 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, subject to regulatory acceptance, the Company has successfully completed Tranche 2 of its non-brokered private placement consisting of 928,453 common shares at a price of $0.06 per share, for gross proceeds of up to $55,707. The Company will now proceed with Tranche 3 of its non-brokered private placement.
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.
All securities issued in connection with this financing will be subject to a four month hold period.
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.