IMC International Mining Corp. Announces a Stock Split
December 27, 2019
Vancouver, BC – International Mining Corp (CSE: IMCX) (the “Company” or “IMC”), is pleased to announce that it will complete a subdivision (the “Stock Split”) of its issued and outstanding common shares (“Common Shares”) on the basis of two (2) Common Shares for each one (1) issued and outstanding Common Share, whereby the Company will issue one (1) additional Common Share for each one (1) existing Common Share to the Company’s shareholder of record as at the close of business on January 2, 2020 (the “Record Date”). The Common Shares will begin trading on a post-Stock Split basis on December 31, 2019.
The Company will use the “push out” method to implement the Stock Split. All convertible securities will be adjusted for the Stock Split as at the Record Date. The Company will not be changing its name, CUSIP or its current trading symbol in connection with the Stock Split.
The Company currently has approximately 13,602,696 issued and outstanding Common Shares. Upon completion of the Stock Split, there will be approximately 27,205,392 Common Shares issued and outstanding. The share certificates or DRS advices representing the additional Common Shares issued in connection with the Stock Split are expected to be mailed to shareholders of record as of the Record Date on or about January 3, 2020.
ON BEHALF OF THE BOARD OF DIRECTORS
Brian Thurston Chief Executive Officer and President
ABOUT INTERNATIONAL MINING CORP.
IMC International Mining Corp. is a junior exploration and development company. It is focused on creating shareholder value through the acquisition, exploration and development of gold assets, which include the Company’s 100% owned Bullard Pass Property in Arizona.
IMC continues to evaluate additional properties to add to its portfolio of mining assets.
INVESTOR RELATIONS:
[email protected] 1 (604) 588-2110 imcorp.ca
Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable securities laws, including statements regarding: the completion of the Stock Split; the Record Date and the effect date of the Stock Split; the date of mailing share certificates or DRS advices to shareholders; the Company’s intention to acquire further mineral properties; the Company's business plans and prospects and the future of the Company’s business, the acquisition, exploration and development of its assets; and the ability to create shareholder value. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company may not receive all necessary regulatory approval for the Stock Split, that the Company may not complete the Stock Split, that the Company may not acquire any additional mineral properties, that the Company's plans and prospects will vary from those stated in this news release and that the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking information. The statements in this news release are made as of the date of this release.
The CSE has not reviewed, approved or disapproved the content of this press release