International Bethlehem Announces Non Brokered Private Placement
March 9, 2011
West Vancouver, British Columbia â€" March 9, 2011 â€" International Bethlehem Mining Corp. (the â€śCompanyâ€ť) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement (the â€śPrivate Placementâ€ť) to raise up to $350,000 by the issuance of 3,500,000 units (the â€śUnitsâ€ť) at $0.10 per Unit. Each Unit will consist 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. With respect to this Private Placement, the Company may pay findersâ€™ 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 general working capital purposes and for furthering the exploration of the Companyâ€™s â€śMyoff Creekâ€ť Rare Earth Elements Property located 55 km northwest of Revelstoke, B.C.
For further information, contact Mr. Clive Shallow, investor relations at 604-922-2030 or visit the Companyâ€™s website at www.bethlehemmining.com .
International Bethlehem Mining Corp.
â€śDouglas L. Masonâ€ť
Douglas L. Mason, Director
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