BRIEF-IDM Mining announces private placement for gross proceeds of upto C$5 mln

Fri Sep 9, 2016 1:41pm EDT
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Sept 9 (Reuters) - IDM Mining Ltd:

* Idm mining announces private placement

* To sell by way of a private placement units of company and flow-through shares for gross proceeds of up to C$5 million

* Each unit offered at price of $0.17 and will be comprised of one common share of company and one half of one common share purchase warrant

* Proceeds shall be primarily used for additional resource expansion drilling, exploration, permitting at red mountain project Source text for Eikon: