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In the same category
Intrepid Completes C$1 Million Private Placement in New Nadina Explorations Limited
Published : November 09, 2012
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BRISBANE, AUSTRALIA--(Marketwire - Nov. 9, 2012) - Intrepid Mines Limited ("Intrepid", or the "Company") (News - Market indicators)(ASX:IAU) reports that it has acquired 10,000,000 units (each, a "Unit") of New Nadina Explorations Limited (TSX VENTURE:NNA) ("New Nadina") at a price of $0.10 per Unit, representing an aggregate purchase price of C$1,000,000 pursuant to a non-brokered private placement financing of New Nadina (the "Private Placement"). Each Unit is comprised of one common share in the capital of New Nadina (a "Share") and one half of one non-transferable common share purchase warrant of New Nadina (a "Warrant"). Each one whole Warrant is exercisable into one further Share at $0.15 per Share for a period of up to two years after the issue of the Warrant. The 10,000,000 Shares comprising part of the Units acquired by Intrepid represent 12.6% of the total Shares outstanding as of the date of issue.

Following the completion of the Private Placement, Intrepid owns and controls a total of 10,000,000 Shares representing 12.6% of the issued and outstanding Shares of New Nadina. Assuming the exercise of the 5,000,000 Warrants, Intrepid would own or control 15,000,000 Shares representing 17.75% of the then issued and outstanding Shares of New Nadina, calculated on a partially diluted basis.

The Shares and Warrants comprising the Units acquired by Intrepid pursuant to the Private Placement are subject to a hold period expiring four months after the issue of New Nadina shares. Intrepid purchased the Units in reliance on the exemption from prospectus requirements in Section 2.10 of National Instrument 45-106 Prospectus and Registration Exemptions of the Canadian Securities Administrators, for investment purposes.

New Nadina is a Tier 2 Mining Issuer listed on the TSX Venture Exchange.

Funds raised from this private placement will be used principally to further explore the Silver Queen property near Houston, British Columbia where a porphyry system was discovered in 2011. Exploration activity will initially include approximately 5,000 metres of Diamond drilling to follow up previous results and further test geophysical targets.

"Our investment in New Nadina is a continuation of Intrepid's policy of investing in high potential growth opportunities, in select jurisdictions globally," said Intrepid CEO, Brad Gordon.

Forward-looking statements

This announcement contains certain forward-looking statements, relating to, but not limited to Intrepid's expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking words such as 'anticipate', 'believe', 'expect', 'goal', 'plan', 'intend', 'estimate', 'may' and 'will' or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future outcomes, or statements about future events or performance. Forward-looking information may include reserve and resource estimates, estimates of future production, unit costs, costs of capital projects, and timing of commencement of operations and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied.

Shareholders and potential investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Intrepid undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

Directors
Ian McMaster (Chairman)
Colin G. Jackson (Deputy Chairman)
Brad A. Gordon (Managing Director)
Laurence W. Curtis (Non-executive Director)
Robert J. McDonald (Non-executive Director)
Alan Roberts (Non-executive Director)
Adrianto Machribie (Non-executive Director)
Nyla Bacon (Company Secretary)
 
Stock Exchange Listing
ASX and TSX symbol: IAU
 
Substantial Shareholders
Taurus Funds Management 8.5%
Acorn Capital 8.2%
Van Eck Associates 7.8%
Surya Paloh 5.0%
 
Issued Capital
553, 802,270 shares
9,015,095 unlisted options
6,181,693 unlisted share rights
51,208,032 unlisted restricted performance rights
 
Shareholder Enquiries
Matters related to shares held, change of address and tax file numbers should be directed to:
Computershare Investor Services
GPO Box 2975, Melbourne, Victoria 3001, Australia
Telephone: 1300 805 505
  +61 3 9415 4000

ABN 11 060 156 452



Intrepid Mines Limited - Brisbane, Australia
Brad Gordon
Managing Director, Chief Executive Officer
+61 7 3007 8000 (office) or +61 400 036 636 (mobile)
bgordon@intrepidmines.com
or
Intrepid Mines Limited - Toronto, Canada
Greg Taylor
Investor Relations
+1 905 337 7673 (office) or +1 416 605 5120 (mobile)
gtaylor@intrepidmines.com
www.intrepidmines.com
Data and Statistics for these countries : Australia | Canada | All
Gold and Silver Prices for these countries : Australia | Canada | All
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Intrepid Mines Ltd.

EXPLORATION STAGE
CODE : IAU.TO
ISIN : AU000000IAU4
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In the News and Medias of Intrepid Mines Ltd.
8/21/2013African Barrick picks Intrepid Mines CEO to succeed Hawkins
8/16/2013Responds to Article in The Australian Newspaper
6/30/2010Accepts sweetened bid for gold mine
5/25/2010Hits more significant copper, gold and molybdenum at Tujuh B...
5/5/2010Sells Paulsens Gold Mine to Northern Star
Financings of Intrepid Mines Ltd.
12/23/2010Completes A$31.9 Million Share Purchase Plan
Nominations of Intrepid Mines Ltd.
10/3/2013: Appointment of New Chief Executive Officer and Managing Di...
8/8/2013: Company Update and Resignation of CEO
9/4/2012Appoints Executive General Manager for Indonesia
8/17/2011Executive General Manager Exploration and New Business Resig...
2/21/2011Appointment-Company Secretary
Financials of Intrepid Mines Ltd.
10/29/2013Releases Activities Report for the Third Quarter
7/30/2013Releases Financial Report and Management Discussion & Analys...
2/26/2013Releases Annual Financial Report and Management Discussion &...
2/24/2012: Release of Annual Financial Report and Management's Discus...
10/27/2011Releases Activities Report for the Third Quarter
7/27/2011Releases Activities Report for the Second Quarter
4/28/2011Releases Activities Report for the First Quarter
2/28/2011Releases Financial Results for 2010
Project news of Intrepid Mines Ltd.
7/16/2012(Tujuh Bukit): Tujuh Bukit, Indonesia-Project Update
8/11/2011(Shyri): Shyri Project Ecuador
7/12/2011(Tujuh Bukit): Tujuh Bukit Indonesia-Exceptional Drill Intercept
5/30/2011(Candrian): New Gold-Copper Porphyry Discovery at Candrian Prospect
5/17/2011(Tujuh Bukit)Tujuh Bukit Indonesia Additional Forestry Permit Awarded
5/9/2011(Tujuh Bukit)Porphyry Copper-Gold Resource Increases to 990 Million Tonne...
4/20/2011(Tujuh Bukit)Heap Leach Operation on Oxide Resource Delivers Robust Preli...
2/2/2011(Tujuh Bukit)Oxide Project Update
11/19/2010(Tujuh Bukit)Tujuh Bukit Indonesia NI 43-101 / JORC Compliant Technical R...
11/8/2010(Tujuh Bukit): Tujuh Bukit Indonesia
10/19/2010(Tujuh Bukit)Intrepid Mines intersects massive 522m @ 0.45 g/t gold zone ...
8/18/2009(Taviche)Intrepid Mines reports drill intercept of 533 g/t silver at ...
3/26/2009(Casposo) INTREPID MINES (IAU) | Sale agreement | Casposo silver pro...
3/5/2007RECEIVES FEASIBILITY STUDY ON CASPOSO GOLD - SILVER PROJECT,...
Corporate news of Intrepid Mines Ltd.
9/13/2013: Executive Chairman Temporary Remuneration Package
6/20/2013: Chairman's Address, Extraordinary General Meeting
5/23/2013: Letter to Shareholders
5/14/2013: Notice of Extraordinary General Meeting
5/8/2013: Annual General Meeting Results
4/23/2013: Shareholder Requisition for General Meeting
4/8/2013: Mailing to Shareholders
2/19/2013Letter to Shareholders
1/31/2013Releases Activities Report and Appendix 5B
12/18/2012Campaign Against Intrepid Continues Unabated
12/11/2012-Report to Shareholders: Statement of Claim
11/26/2012(Tujuh Bukit): Tujuh Bukit Technical Report
11/9/2012Completes C$1 Million Private Placement in New Nadina Explor...
11/9/2012Completes C$1 Million Private Placement in New Nadina Explor...
10/22/2012: Board Duty Rotation
10/22/2012: Board Duty Rotation
10/9/2012: Porphyry Resource Model Announcement
9/10/2012(Tujuh Bukit): Tujuh Bukit, Indonesia
8/16/2012: First Tranche of Share Placement to Surya Paloh Completed
8/7/2012(Tujuh Bukit)Provides Clarity on Tujuh Bukit Structure
7/31/2012: Share Placement to Surya Paloh
6/28/2012: Change to Joint Venture Partner Shareholding
6/28/2012Limited: Change to Joint Venture Partner Shareholding
5/9/2012: Annual General Meeting Results
4/30/2012: Release of Activities Report and Appendix 5B
4/5/2012: Proxy Form
3/20/2012: Divestment Regulations, Indonesia
3/8/2012: Indonesian Government Publishes Amendment to Mining Regula...
1/31/2012Releases Activities Report and Appendix 5B
1/20/2012(Tujuh Bukit): Tujuh Bukit Indonesia
12/7/2011: Tumpangpitu Porphyry Copper-Gold Resource Increases Over 7...
11/30/2011New Director-Indonesian National Adrianto Machribie
11/7/2011Appoints Executive General Manager, Exploration and New Busi...
11/3/2011(Candrian): Tujuh Bukit Indonesia-Candrian Copper-Gold Porphyry Define...
10/19/2011: Recent Drill Holes Confirm Upside at Tumpangpitu
6/28/2011(Tujuh Bukit): Tujuh Bukit Indonesia
12/15/2010Added To S&P / TSX Global Gold Index
2/28/2007ANNOUNCES CONVERTIBLE FINANCING FOR PAULSENS MINE
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TORONTO (IAU.TO)AUSTRALIA (IAU.AX)
0.255+0.00%0.270+0.00%
TORONTO
CA$ 0.255
07/03 15:50 -
0%
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0.260 0.250
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0.250 0.255
Year l/h YTD var.
0.240 -  0.300 -15.00%
52 week l/h 52 week var.
0.230 -  0.310 -1.92%
Volume 1 month var.
613,500 2.00%
24hGold TrendPower© : -44
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2014-5.56%0.300.24
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