IDM Mining Limited - Grants Stock Options
VANCOUVER, Feb 1, 2017 - IDM Mining Ltd. (TSX VENTURE:IDM) ("IDM" or the "Company") announces that 7.5 million incentive stock options have been granted to directors, officers and consultants of the Company. The options have a term of five years expiring on February 1, 2022. Each option allows the holder to purchase one common share in the Company at a price of $0.15. A total of 450,000 of the options are subject to vesting over a period of one year in accordance with the exchange regulations. ABOUT IDM MINING LTD.
IDM Mining Ltd. is a mineral exploration and development company based in Vancouver, BC, Canada. The Company's current exploration and development activities are focused on precious metals in British Columbia, with a primary focus on the high-grade, underground Red Mountain Gold Project, which is advancing through the BC and Canadian environmental assessment processes.
ON BEHALF OF THE BOARD
of IDM Mining Ltd.
"Robert McLeod"
President, CEO and Director
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contact
Robert McLeod
604-681-5672 direct
604-617-0616 cell
rm@idmmining.com
Investor Relations:
Shobana Thaya
st@idmmining.com
416-807-1009
Alex Horsley
ah@idmmining.com
604 618-3058