Jilbey Exploration JLB-MSE Message Board

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Gold/Mining/Energy : Jilbey Exploration JLB-MSE

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To: Handshake™ who wrote (220)	6/18/2005 2:39:53 PM
From: 1king	Read Replies (1) of 229

Not in Jlb ... This is what I was referring to. TORONTO, ONTARIO--(CCNMatthews - June 17, 2005) - High River Gold Mines Ltd. (TSE:HRG) ("High River") announced today that it has sold three million shares of Intrepid Minerals Corporation ("Intrepid") (TSE:IAU) at a share price of 45 cents per share for gross proceeds of $1,350,000. High River now holds 1,790,941 Intrepid shares. High River's sale provides additional working capital to assist the Company in meeting its short- term funding requirements on its two high priority development projects. High River remains very positive on Intrepid, its management and its projects. I suspect the if JlB wants to raise some cash to speed up a definition program they will need to raise the float quite a bit ... I believe that they only have 25M out? I could see them doing a 5 or 10M placement with a mid-tier at $1-1.25 to get the cash but the HRG %'age and the small float make the numbers a bit complex (although there is plenty of room) ... at least for napkin speculations.

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