Business
IMC International Mining Corp. Responds to Misleading Report / Provides Corporate Recap
VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / IMC International Mining Corp. (CSE:IMCX) (OTC PINK:IMIMF) (FRA:3MX) (the "Company" or "IMC"), announces that it has
About this update from Copper Quest Exploration Inc.
[{"type":"text","content":" VANCOUVER, BC / ACCESSWIRE / May 28, 2020 / IMC International Mining Corp. (CSE:IMCX) (OTC PINK:IMIMF) (FRA:3MX) (the \"Company\" or \"IMC\"), announces that it has become aware of a recent report (the \"Report\") which contains numerous uninformed, misleading and slanderous statements about the Company and its projects. The information contained in the Report appears to be based, for the most part, on a fundamental misunderstanding of, or deliberate contortion of facts pertaining to, the global mineral exploration industry and basic geology. The Company warns that the Report may have been published to manipulate the Company's share price and to mislead investors. IMC International Mining Corp would like to recap that: It has a dedicated team of professionals directing and managing the Company. These individuals have successful track records working in the exploration and mining industries in Canada and Internationally. It has recently closed two brokered private placements totalling CAD $1,768,719.68, led by Gravitas Securities Inc., and involving a significant due diligence review of the Company. It is in a stable financial position with additional capital access of up to CDM $8-million through Alumina Partners, LLC. It has recently announced exploration results from the Cathedral Area and the Gail/Cirque Areas that lie within its 206 km2 Thane Property. It is on track and funded for its Phase-1, 2020 work program, which will consist of geologic mapping, geochemistry, and geophysics work, all with the purpose of delineating drill targets in the Cathedral Area. The Company will continue to issue news releases disclosing results from exploration conducted at the Thane Property. The team remains focused and is working towards preparing for its summer work program. Brian Thurston, Chief Executive Officer of IMC, remarked, \"The Management team remains dedicated to its exploration program and will continue to provide results from the on-going compilation of work at the Thane Property as such results become available. The Company is in a stable financial position, which will allow us to move forward with our summer work program and prepare for a drilling program.\" He also stated, \"We ask that investors be aware that the Report reflects clearly uninformed, or deliberately misleading, positions which demonstrate a fundamental ...