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Gold/Mining/Energy : IBI CORP IBIC (CDN)
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To: Adrian Wade who wrote (304)6/25/1999 6:14:00 PM
From: Stocker  Read Replies (2) of 422
 
The Bank is acquiring 15% of IBI for $1.5 million. The agency fee is 7% of that amount. IBI will likely receive $1.5 mil less the 7%.

Based on what the bank is paying, this deal places a value on IBI of about $10 million. Based on the 200 million shares outstanding, that translates to $0.05/share.
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