International Bethlehem Completes Non Brokered Private Placement
June 12, 2009
West Vancouver, British Columbia â€" June 12, 2009 â€" International Bethlehem Mining Corp. (the â€śCompanyâ€ť or â€śInternational Bethlehemâ€ť) is pleased to announce that it has closed its non-brokered private placement (the â€śPrivate Placementâ€ť). The Company has raised $250,000 by the issuance of 5,000,000 units (the â€śUnitsâ€ť) at a price of $0.05 per Unit. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.10 for a period of one year from the closing date. All of the securities issued pursuant to the Private Placement are subject to a hold period expiring on October 12, 2009.
The proceeds from this Private Placement will be used for furthering the exploration and development of the â€śEva Kittoâ€ť PGE Property (as referred to in the Companyâ€™s news release dated January 26, 2009) and for general working capital purposes.
For further information, contact Mr. Clive Shallow, investor communications at 604-922-2030 or visit the Companyâ€™s new website at www.bethlehemmining.com, which website will be operational very shortly.
International Bethlehem Mining Corp.
â€śRonald A. Coombesâ€ť
Ronald A. Coombes, President & CEO
Neither the 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.