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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Bill Jackson who wrote (26321)11/14/1997 10:29:00 PM
From: John D. McClure  Read Replies (2) of 35569
 
Hi Bill,

This is from the release:

<<The company and Omega Investment are negotiating an extension of time on the purchase agreement with respect to the acquisition of the additional 20% interest in the Black Rock property. IPM is also negotiating the additional financing to conclude the purchase.>>

I know of a fund manager posting on the Crystallex thread last week (re: his reluctance to take a position in IPM) that was concerned about the lack of news on this property deal with Phoenix, the deadline of which was October 15.
Not a done deal yet, but evidently Omega feels it is worth persuing.
Hope this helps.

***JDM***
Long John
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