Vancouver, BC –International Mining Corp(CSE: IMCX)(the “Company” or “IMC”),is pleased to announce that it will complete a subdivision (the “Stock Split”) of its issued and outstanding common shares (“Common Shares”) on the basis of two (2) Common Shares for each one (1) issued and outstanding Common Share, whereby the Company will issue one (1) additional Common Share for each one (1) existing Common Share to the Company’s shareholder of record as at the close of business on January 2, 2020(the “Record Date”).The Common Shares will begin trading on a post-Stock Splitbasis on December 31, 2019.
The Company will use the “push out” methodto implement the Stock Split. All convertible securities will be adjusted for the Stock Splitas at the Record Date. The Company will not be changing its name, CUSIPor its current trading symbol in connection with the Stock Split.
The Company currently has approximately 13,602,696 issued and outstanding Common Shares. Upon completion of the Stock Split, there will be approximately27,205,392Common Shares issued and outstanding. The share certificates or DRS advicesrepresenting the additional Common Shares issued in connection with the Stock Split are expected to bemailed to shareholders of record as of the Record Date onor about January 3, 2020.