VANCOUVER, BC / ACCESSWIRE / January 10, 2020 / International Millennium Mining Corp. (TSXV:IMI) (the "Company" or "IMMC") and Phoenix Capital Enterprises Ltd. ("Phoenix") have agreed to terminate their agreement to complete a business combination and reverse takeover transaction (the "Transaction"), which would have resulted in IMMC acquiring all of the issued and outstanding common shares of Tengri Coal and Energy Pte. Limited in exchange for newly issued common shares of IMMC. The Transaction was originally announced by the Company in its news release dated August 31, 2018.
Trading of the Company's common shares on the TSX Venture Exchange (the "Exchange") was halted in accordance with the policies of the Exchange, pending completion of the Transaction. IMMC will file an application with the Exchange to request that trading of its common shares be resumed.
International Millennium Mining Corp. (TSX-V: IMI) is focused on the exploration and development of its Silver Peak silver-gold project in southwest Nevada. The Company's common shares trade on the Exchange under the symbol: IMI.
ON BEHALF OF THE BOARD
"John A. Versfelt"
John A. Versfelt
President and CEO
Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. John Versfelt, President & CEO of the Company at 604-527‑8135.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
SOURCE: International Millennium Mining Corp.
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https://www.accesswire.com/572780/Share-Purchase-Agreement-Terminated
