With $1.76 per share in the Treasury this makes the company look even better than I thought...
Inmet wins $88.2-million in Troilus litigation
Inmet Mining Corp IMN
Shares issued 35,661,558 Jan 15 close $3.60
Tue 15 Jan 2002 News Release
Also Homestake Canada Inc (HCX)
Mr. Richard Ross reports
INMET MINING OBTAINS $88 MILLION JUDGEMENT IN TROILUS LITIGATION
Inmet Mining has received judgment today in its British Columbia Supreme
Court action against Homestake Canada Inc. in connection with the failure
of Homestake to complete the purchase of the Troilus mine located in
Northern Quebec. The judgment affirms Inmet's position that Homestake
wrongfully repudiated its agreement to purchase the Troilus mine in 1997
and awards Inmet damages in lieu of specific performance in the amount of
$88.2-million. Inmet understands that the complete judgment will be posted
in due course on the Web site of the British Columbia Supreme Court at
www.courts.gov.bc.ca.
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