New Issue: Idaho General Mines settles $3.79 million sale of units

By Sheri Kasprzak

New York, Jan. 17 - Idaho General Mines, Inc. said it concluded a private placement for $3,786,130.

The company issued 3,441,936 units at $1.10 each.

The units are comprised of one share and one half-share warrant. The full warrants are exercisable at $1.75 each for two years.

Based in Spokane, Wash., Idaho General Mines is a mineral exploration company.

Issuer:	Idaho General Mines, Inc.
Issue:	Units of one share and one half-share warrant
Amount:	$3,786,130
Units:	3,441,936
Price:	$1.10
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	$1.75
Settlement date:	Jan. 10
Stock symbol:	OTCBB: IGMI
Stock price:	$2.40 at close Jan. 10
Stock price:	$2.25 at close Jan. 17

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