International Metals Mining Corp. announced a non-brokered private placement of 6,000,000 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 900,000 on December 14, 2023. Upon the termination of the Tristar acquisition and to better reflect the current market conditions, the company is amending the transaction.

The company will amend the terms to raise up to CAD 900,000 by issuing 9,000,000 Units at a subscription price of CAD 0.10 per Unit. Each Unit will be comprised of one common share of the company and one-half of one share purchase warrant and each warrant will be exercisable for one additional share at an exercise price of CAD 0.25 per share for a period of two years from the date of issuance. The warrants will be subject to an accelerated expiry date upon 30 days' notice from the company by way of a news release in the event the volume-weighted average trading price of the shares on the TSXV is at or above CAD 0.50 for 14 consecutive trading days.