International Bethlehem Mining Corp V.IBC.H

0.05c PP Closed NR

[Claudius151]

 

International Bethlehem Completes Non Brokered Private Placement

 

West Vancouver, British Columbia – June 12, 2009 – International Bethlehem Mining Corp. (the “Company” or “International Bethlehem”) is pleased to announce that it has closed its non-brokered private placement (the “Private Placement”). The Company has raised $250,000 by the issuance of 5,000,000 units (the “Units”) at a price of $0.05 per Unit. Each Unit consists 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. All of the securities issued pursuant to the Private Placement are subject to a hold period expiring on October 12, 2009.

The proceeds from this Private Placement will be used for furthering the exploration and development of the “Eva Kitto” PGE Property (as referred to in the Company’s news release dated January 26, 2009) and for general working capital purposes.