West Vancouver, British Columbia â€" June 14, 2013 â€" International Bethlehem Mining Corp. (the “Company” or “International Bethlehem”) wishes to announce that (subject to required TSX Venture Exchange and shareholder approvals), the Company intends to proceed with a proposed consolidation of its issued common share capital on the basis of up to 5 old common shares for 1 new common share (the “Proposed Consolidation”).
Management believes that the Proposed Consolidation is in the best interest of the Company and will allow the Company greater possibilities with respect to future financings. The Proposed Consolidation will be submitted to shareholders for approval at the Company’s Annual General and Special Meeting to be held on June 26, 2013. Presently, the Company has 45,403,790 common shares issued and outstanding and if the Proposed Consolidation is approved and affected on a five for one basis (which is the maximum consolidation ratio being considered by the Company), there will be 9,080,758 common shares issued and outstanding. In connection with the Proposed Consolidation, the name of the Company will not change and the Company’s trading symbol will remain as “IBC”.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030 or visit the Company’s website at www.bethlehemmining.com.
INTERNATIONAL BETHLEHEM MINING CORP.
“Douglas L. Mason”
Douglas L. Mason, Chief Executive Officer
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