International Bethlehem Announces Non Brokered Private Placement
November 17, 2011
West Vancouver, British Columbia â€" November 17, 2011 â€" International Bethlehem Mining Corp. Â (the “Company”) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement (the “Private Placement”) to raise up to $50,000 by the issuance of 500,000 flow through units (the “Units”) at $0.10 per Unit. Each Unit will consist of one flow through 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. With respect to this Private Placement, the Company may pay finders’ fees in the amount of 10% of the proceeds raised from the sale of the Units (payable in cash or Units at a deemed price unit of $0.10 per Unit) purchased by subscribers introduced to the Company by such finders.
The proceeds from this Private Placement will be used for furthering the exploration of the Company’s “Myoff Creek” Rare Earth Elements Property located 55 km northwest of Revelstoke, B.C.Â
For further information, contact Mr. Clive Shallow, investor relations at 604-922-2030 or visit the Company’s website at www.bethlehemmining.com .
International Bethlehem Mining Corp.
“Douglas L. Mason”
Douglas L. Mason, Director
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.