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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge
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To: marcos who wrote (1950)4/25/2001 5:52:15 PM
From: Al Collard   of 11802
 
marcos, after hours news on your 2nd place pick IDO-v:

Idaho Cons negotiates $854,000 private placement


Wed 25 Apr 2001

Mr. Bob Chancey reports

Idaho Consolidated Metals has negotiated a private placement of 610,000
units at a price of $1.40 each, for total proceeds of $854,000.
Each unit consists of one common share in the capital of the company and
half of a non-transferable share purchase warrant. Each whole warrant will
entitle the placee to purchase one additional share exercisable for a
one-year period at a price of $1.60.
A finder's fee of up to 10 per cent is to be paid in cash or shares, if in
shares, each share at a deemed price of $1.40.
The net proceeds of the proposed financing will be used primarily to
finance drilling and continued exploration programs on the company's
platinum group metal project in the Stillwater complex of Montana.
The private placement is subject to regulatory approval.
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