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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (24858)	11/9/2006 2:55:51 PM
From: LoneClone	Read Replies (1) \| Respond to of 78410

John I answered my own question. Ivanhoe Mines and Asia Gold Extend Completion of Mongolian Coal Acquisition Agreement Friday September 29, 4:15 pm ET VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 29, 2006) - Ivanhoe Mines (TSX:IVN - News; NYSE:IVN - News; NASDAQ:IVN - News) and Asia Gold announced today that they have agreed to extend until November 1, 2006, the date for completion of the Coal Transaction, whereby Asia Gold will acquire the coal division of Ivanhoe Mines in consideration for the issuance of common and preferred shares. The companies have agreed to the extension to provide additional time to fulfill certain conditions required to close the transaction, including completion of the transfer of certain mineral exploration licenses in Mongolia. Transfer applications have been submitted to the relevant Mongolian governmental authorities in accordance with the revised minerals law and are awaiting approval. On July 11, 2006, Ivanhoe Mines and Asia Gold signed a definitive agreement for Asia Gold to acquire Ivanhoe Mines' Coal Division by issuing 82,576,383 shares of Asia Gold to Ivanhoe Mines, which would result in Ivanhoe Mines owning approximately 90% of the issued and outstanding shares of Asia Gold (see Ivanhoe Mines' news release dated July 11, 2006, for details). On August 8, 2006, Asia Gold's minority shareholders overwhelmingly approved the transaction. The Coal Transaction is expected to close shortly after completion of the transfer of certain mineral exploration licenses in Mongolia. Ivanhoe's shares are listed on the New York and Toronto stock exchanges and NASDAQ under the symbol IVN. Asia Gold shares are listed on the TSX Venture Exchange under the symbol ASG. ca.us.biz.yahoo.com