Key Developments: Intrepid Mines Ltd (IAUFF.PK)
0.26USD
9 May 2013
$-0.02 (-6.86%)
$0.28
$0.27
$0.27
$0.26
5,000
3,956
$0.74
$0.20
Latest Key Developments (Source: Significant Developments)
Intrepid Mines Ltd Announces Holding Interest Of Quantum Pacific Investment Limited
Intrepid Mines Ltd announced that Quantum Pacific Investment Limited has an interest of 29,982,667 ordinary shares, which represents 5.394579% of voting power in the Company. Full Article
Intrepid Mines Ltd Not To Pay H1 2013 Interim Dividend
Intrepid Mines Ltd announced that no dividends were paid in the half year ended December 31,2012 (December 2011: nil). The directors do not recommend the payment of a dividend. Full Article
Intrepid Mines Ltd Completes CAD1 Million Private Placement In New Nadina Explorations Limited
Intrepid Mines Ltd announced that it has acquired 10,000,000 units (each, a "Unit") of New Nadina Explorations Limited ("New Nadina") at a price of $0.10 per Unit, representing an aggregate purchase price of CAD1,000,000 pursuant to a non-brokered private placement financing of New Nadina (the "Private Placement"). Each Unit is comprised of one common share in the capital of New Nadina (a "Share") and one half of one non-transferable common share purchase warrant of New Nadina (a "Warrant"). Each one whole Warrant is exercisable into one further Share at $0.15 per Share for a period of up to two years after the issue of the Warrant. The 10,000,000 Shares comprising part of the Units acquired by Intrepid represent 12.6% of the total Shares outstanding as of the date of issue. Following the completion of the Private Placement, Intrepid owns and controls a total of 10,000,000 Shares representing 12.6% of the issued and outstanding Shares of New Nadina. Assuming the exercise of the 5,000,000 Warrants, Intrepid would own or control 15,000,000 Shares representing 17.75% of the then issued and outstanding Shares of New Nadina, calculated on a partially diluted basis. Full Article
Intrepid Mines Ltd Announces No FY 2012 Interim Dividend
Intrepid Mines Ltd announced that the Directors do not recommend the payment of a dividend during the three and nine months ended September 30, 2012. Full Article
Intrepid Mines Ltd Announces Completion Of First Tranche Of Share Placement To Surya Paloh
Intrepid Mines Ltd (Intrepid) announced the completion of the share issue and the first of two potential tranches of performance rights regarding the previously announced placement of 27,680,017 ordinary shares of the Company’s expanded issued capital, to Indonesian businessman, Surya Paloh (Subscriber). Previously, the Company announced that Intrepid and the Subscriber have entered into a Subscription Agreement, under the terms of which the Company has issued 27,680,017 ordinary shares to the Subscriber for a nominal price. These shares shall not vest for 12 months following their issue. Full Article
Intrepid Mines Limited Announces Share Placement To Surya Paloh
Intrepid Mines Limited announced an agreement for the placement of 27,680,017 ordinary shares, representing approximately 5% of the Company's expanded issued capital, to prominent Indonesian businessman, Surya Paloh. Intrepid and Surya Paloh ("Subscriber") have entered into a Subscription Agreement, under the terms of which the Company undertakes to issue 27,680,017 ordinary shares to the Subscriber for a nominal price. Additionally, the Company will issue to the Subscriber, for no consideration, 25,604,016 Performance Rights to ordinary shares, which vest upon the daily volume-weighted average price of the Company's shares equalling or exceeding AUD1.00 for one full calendar month on the ASX and CAD1.00 for one full calendar month on the TSX, and which lapse after one year should vesting not have occurred. This target would represent value uplift of over four times based on current market prices. The Company has further agreed to issue an additional 25,604,016 Performance Rights to ordinary shares. The Performance Rights vest upon the daily volume-weighted average price of the Company's shares equalling or exceeding AUD1.20 for one full calendar month on the ASX and CAD1.20 for one full calendar month on the TSX, and lapse after one year should vesting not have occurred. This target would represent value uplift of over five times based on current market prices. Full Article
Indonesia mogul ready to discuss deal on Intrepid project -letter
MELBOURNE, May 21 - An Indonesian tycoon who owns a big stake in a huge copper and gold prospect taken from Australia's Intrepid Mines last year is willing to resolve the ownership dispute, he said in a letter to an investor looking to oust the company's board.
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