VANCOUVER, April 30, 2018 /CNW/ - IDM Mining Ltd.
(TSX-V:IDM) (OTCQB:IDMMF) ("IDM" or the "Company") announces that
it has granted 1,700,000 stock options to an officer, an investors
relations professional employee, as well as technical and
administrative employees of the Company. The options have a term of
five years expiring on April 27, 2023
and allow the holder to purchase one common share in the Company at
a price of $0.08. Options will vest
1/3 upon grant (except the 500,000 granted to the Investor
Relations employees which will vest 25% on grant and 8.33% after
three months) and 1/3 on the first and second anniversaries. The
options were being granted in conjunction with the previously
announced appointment of each of the optionees.
ABOUT IDM AND RED MOUNTAIN
IDM Mining Ltd. is an exploration and development company based
in Vancouver, BC, Canada focused on advancing the high-grade,
low capex, 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. In 2017, IDM announced
the results of a positive Feasibility Study for a high-grade,
underground gold mine, which includes primarily bulk underground
mining methods and the production of gold doré on site. The Project
is advancing through the provincial and federal environmental
assessment processes, with comprehensive, thorough, and ongoing
consultation with Nisga'a Nation. The Project is currently in the
Application Review phase of the BC Environmental Assessment Office
and the Canadian Environmental Assessment Agency.
Additional information, including the Company's NI 43-101
Technical Reports for the Red Mountain Gold Project, are available
at www.idmmining.com and at www.sedar.com.
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."
SOURCE IDM Mining Ltd.