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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: mark silvers who wrote (31160)	3/24/1998 8:39:00 AM
From: Richard Mazzarella	Respond to of 35569

Mark, thanks. The following is speculation from Jay Taylor's weekly update: << INTERNATIONAL PRECIOUS METALS On Thursday, INTERNATIONAL PRECIOUS METALS along with its attorneys and a metallurgist from a registered Arizona lab met with officials at the NASDAQ to try to convince NASDAQ not to delist its shares from trading on the NASDAQ Small Caps listing. A Company spokesman told me that the meeting went very well. The scientist reportedly explained to the NASDAQ officials that fire assays do sometimes fail to reveal the existence of gold under certain circumstances. I do believe that IPM made its case well, but non-the less, I will be very pleasantly surprised if IPM is not delisted any way. From what I understand, the NASDAQ appeal process is very much like that faced by Tanya Faye Tucker, when she appealed her death penalty. Or perhaps, the old fashioned Chinese system of justice is a more appropriate comparison. To prove your innocence of a crime in China, you are required to prove your ability to swim with heavy weights tied to each extremity. I am fully prepared to see IPM trade on the Bulletin Board. What I think is likely to happen is that this company will be faced with much greater dilution that they would have had if it were not for Desert Fox and now the unnecessary and unexplained delisting crimes of NASDAQ. Still, I think evidence points to the potential for the Black Rock deposit to be such a significant ore body, that purchase of these shares at a current price of under $0.50 is a super attractive speculation. >>

To: mark silvers who wrote (31160)	3/24/1998 8:50:00 AM
From: Chuca Marsh	Read Replies (1) \| Respond to of 35569

PR-NR TODAY:( Don't confuse Doyle Role of Chairman with CEO position of Mr Yellich <John>. ) New CEO; president resigns; property purchase International Precious Metals Corp IPMC Shares issued 17,758,280 Mar 12 close $1.00 Tue 24 Mar 98 News Release Mr Alan Doyle reports International Precious Metals now owns a 100% interest in the Black Rock property as a result of completing the purchase of the property from Omega Investment. Under the terms of the agreement, IPM will issue a promissory note agreeing to pay to Omega $1,000,000 on or before December 15 1998, and will grant to Omega a 1.5% net smelter royalty interest in the Black Rock property. IPM also agreed to release from escrow 3,000,000 common shares previously issued to Omega. The 3,000,000 common shares are subject to restrictions on their resale until June 1999. John Yellich has been appointed CEO with responsibility for the day to day operations of IPM. Mr Yellich, who has been with the company since the summer of 1997, is a professional geologist who has over 27 years of experience in the mining and environmental industry with both a Fortune 100 company and as a private consultant. Mr Yellich has directed and managed successful exploration programs, mine development and permitting for proposed conventional open pit, in situ leach, and underground projects, including negotiations with state and federal agencies, in Wyoming, Montana, North and South Dakota, Minnesota, Michigan, Wisconsin, New Mexico, Colorado, Virginia, Idaho, and Saskatchewan, Canada. IPM's board of directors has the utmost confidence that Mr Yellich has the skills and experience necessary to complete a gold resource statement for the first 1 sq km grid of the Black Rock property. Lee Furlong has resigned as president and a director of IPM.