International Precious Metals (IPMCF) Message Board

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

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To: Bob Jagow who wrote (27165)	11/17/1997 2:12:00 PM
From: puzzlecraft	Read Replies (1) of 35569

Bob, There will be at least 3 more placements. 1) The $10M just announced. The PR says "Proceeds from the placement will be utilized for general corporate purposes in the further development of the Black Rock project. The Company expects to draw down on this financing before the end of the month." 2) Additional financing to buy Black Rock. The PR says "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." 3) Financing beyond the 12-18 months: The PR says "Based on the results of the program, IPM will advance to a stage where a financing package can be put in place prior to engineering design, construction and mining operations." Also note that in the latest PR there are 20,948,534 shares ("issued and outstanding capital"). In the previous PR of September 29, 1997 there were 20,758,280 shares. So another 190,254 shares have appeared in the last 47 days. So it goes. Adios. John

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