Ascot Resources Ltd. and IDM Mining Ltd., announce that they have completed their previously announced plan of arrangement under the Business Corporations Act, pursuant to which Ascot acquired all the issued and outstanding common shares of IDM, and, in exchange, shareholders of IDM received 0.0675 of a common share of Ascot for each IDM Share [...]
IDM Mining Ltd. is pleased to announce that the securityholders of IDM have voted in favour of the necessary resolutions for the arrangement between Ascot Resources Ltd. and IDM previously announced on January 7, 2019. Pursuant to the terms of the Arrangement, Ascot will acquire all of the issued and outstanding common shares of IDM and, in [...]
IDM Mining Ltd. would like to remind securityholders they have until 10:00 am PT on March 15, 2019 to vote their shares or options for the proposed plan of Arrangement with Ascot Resources Ltd.. Independent Proxy Advisors Recommend IDM Securityholders Vote FOR the Arrangement Institutional Shareholder Services and Glass Lewis & Co. are two leading [...]
IDM Mining Ltd. announces that it has filed and mailed meeting materials for the special meeting of IDM securityholders to be held in connection with the proposed plan of arrangement with Ascot Resources Ltd., as previously announced on January 7, 2019. The Arrangement: At the Special Meeting, holders of IDM common shares and holders of IDM options [...]
IDM Mining Ltd. is pleased to announce that final assays have been received from 2018 trenching of the Randell Vein area located in the Lost Valley area, four kilometers south of the Red Mountain Resource area. Additionally, surface sampling assays from the Meg, Cambria and Dave's Trench areas on the Red Mountain Property, located in the Golden [...]
IDM Mining Ltd. is pleased to announce the final underground drilling results from the 2018 season at the Red Mountain Gold Project, located 15 km east of Stewart. The Company received assays from 40 underground core holes that targeted multiple zones for resource expansion, conversion and exploration. Highlights of the recent drilling results [...]
IDM Mining Ltd. announces that on January 14, 2019, the Canadian Environmental Assessment Agency issued a positive Decision Statement for the Company's wholly-owned Red Mountain Underground Gold Project. The Honourable Catherine McKenna, Minister of Environment and Climate Change, announced in her decision that pursuant to the Canadian [...]
Ascot Resources Ltd. and IDM Mining Ltd. are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Ascot will acquire all of the issued and outstanding common shares of IDM. Each IDM shareholder will be entitled to receive 0.0675 of a common share of Ascot for each share of IDM held. The Transaction [...]
IDM Mining Ltd. announces that it has completed the 2018 underground drilling program at the advanced-stage Red Mountain Underground Gold Project, located in the Golden Triangle east of Stewart. The Company completed the drilling program using three core rigs from a winterized camp and shop facility located adjacent to production-size underground [...]
IDM Mining Ltd. is pleased to announce additional trenching and surface sampling results from Lost Valley Discovery and Cambria Zone within its 100%-owned Red Mountain Gold Project, located in the Golden Triangle of northwestern British Columbia, near the town of Stewart. IDM's current 55-hole underground drilling program is expected to be [...]
IDM Mining Ltd. announces that the ongoing underground drilling program at the advanced-stage Red Mountain Underground Gold Project, located east of Stewart, BC has been expanded with a third drill rig added. With efficient and encouraging drilling to-date, an additional 5,400 m have been added; 13,000 m in over 54 holes are now planned. The [...]
IDM Mining Ltd. announces that it has closed the second tranche of its previously announced private placement raising gross proceeds of approximately $2.45 million, with total gross proceeds of $4.37 million. The second tranche consisted of 12,431,242 flow-through shares at price of $0.07 per FT Share and 26,449,671 non-flow-through units at a [...]
