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International Millennium Mining Corp. Announces Property Option Agreements


International Millennium Mining Corp. Announces Property Option Agreements
VANCOUVER, BC / ACCESSWIRE / May 10, 2021 / International Millennium Mining Corp. (TSXV:IMI) ( IMMC ), with its wholly owned Nevada subsidiary, International Millennium Mining Inc. ( IMMI ) (together the Company ), is pleased to announce that it has finalized a non-binding letter of intent (the LOI ) with Altair Resources Inc. ( Altair ), in which Altair may acquire up to 65% ownership interest in the Company s Simon Property, located in Nevada, USA (the Transaction ).
Under the terms of the LOI, Altair may acquire a 65% ownership interest in the Simon Property by issuing to the Company an aggregate of five hundred thousand (500,000) common shares in the capital of Altair upon execution of an earn-in option agreement between the Altair and the Company (the Agreement ) and receiving TSX Venture Exchange approval ( TSXV ) of the Transaction; making cash payments of US$2,000 per month, beginning Au ....

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