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.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/April2018/30/c8720.html
