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IDM Mining Announces $4.1 Million Non-Brokered Private Placement

October 5, 2018, Vancouver, BC – IDM Mining Ltd. (TSX-V:IDM) (OTCQB:IDMMF)  (“IDM” or the “Company”) announces a non-brokered private placement financing (the “Offering”) to sell flow-through shares (“Flow-Through Shares”) at a price of $0.07 per Flow-Through Share and non-flow-through units (“Common Units”) at a price of $0.06 per Common Unit, for aggregate gross proceeds of up to $4.1 million.

Each Common Unit will consist of one common share of the Company (a “Common Share”) and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder thereof to acquire one Common Share at a price of $0.085 per Common Share for a period of twenty-four (24) months following the closing of the Offering.

The warrants issued in the Offering will not be listed for trading.

A maximum of 68,333,333 Common Units are issuable under the Offering, which assumes that the maximum gross proceeds are raised through the issuance of Common Units.

The net proceeds of the Offering will go towards exploration and development activities on the Company’s Red Mountain Gold Project (the “Project” or “Red Mountain”) located near Stewart, BC and for working capital purposes.

Closing of the Offering is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange. The securities issued will be subject to a standard four month hold period.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any applicable securities laws of any state of the United States and may not be offered or sold in the United States, or to, or for the account or benefit of a U.S. person (as defined in Regulation S 2 under the 1933 Act) unless registered or pursuant to an available exemption from such registration requirements.


IDM Mining Ltd. is an exploration and development company based in Vancouver, BC, Canada focused on advancing the Red Mountain Gold Project towards production.  The 17,125 hectare Red Mountain Gold Project is located in northwestern BC, 15 km northeast of the mining town of Stewart.  IDM recently announced increased high-grade, near-surface measured and indicated resources.  Located near a paved highway and grid power, IDM envisions bulk underground mining methods at the Project, with gold-silver doré produced on site.

Additional information, including the Company’s NI 43-101 Technical Report for the Red Mountain Gold Project, are available at and at

of IDM Mining Ltd.

“Robert McLeod”

President, CEO and Director

For more information, contact:

Robert McLeod
604-681-5672 direct
604-617-0616 cell

Investor Relations:
Vanessa Pickering
604-681-5672 ext. 7112 direct
604-202-2940 cell


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