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

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To: go4it who wrote (30979)3/13/1998 11:01:00 AM
From: BillyZoom  Read Replies (1) of 35569
 
Does anyone here know the current status of the following issues....

1) April 28, 1997 damages lawsuit against AZDOM. The Nov 14 10Q states IPM are seeking damages of $25,000,000. Is this litigation still active and if so does anyone know the progress or time line for settlement?

2) Is the deal off with Omega for 100% ownership of the property or does Omega still hold the issued shares? Has Omega been able to sell any or all of these shares or are they held in trust pending a cash settlement?

3) The company's possible reasons for missing their Feb, 1998 10Q filing.

TIA

Rob
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