IDM Mining closes $10.8 million private placement

April 27, 2016

On April 27, 2016, IDM Mining Ltd. (TSXV: IDM) announced that it is had closed its previously announced brokered and non-brokered private placement financings (collectively, the “Financing”) consisting of non-flow-through common units and flow-through common units for aggregate gross proceeds of $10,848,898.

The brokered portion of the Financing was completed by a syndicate of agents including Haywood Securities Inc., Red Cloud Klondike Strike Inc. and Medalist Capital Ltd.

Miller Thomson advised the agents with a team that included Peter McArthur, Kevin Sorochan and Nikita Ponomarev.