MFS Municipal Income Trust V.MFM

Primary Symbol: MFM

MFS Municipal Income Trust (fund) is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax but may also consider capital appreciation. It invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds. These municipal bonds include debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia, and their political subdivisions, agencies, or instrumentalities. The Fund invests in various sectors, such as hospitals, secondary schools, colleges, schools, and water and sewer utility. It has investments in areas, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Guam, Hawaii, Idaho, and Illinois. Massachusetts Financial Services Company is the investment adviser of the Fund.

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MFS Municipal Income Trust

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Post by kraftdinneron Apr 17, 2005 1:02pm

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Post# 8916727

IAM Gold JV

Marifil to work with Iamgold subsidiary in Argentina 2005-04-14 08:09 MT - News Release Mr. John Hite reports MARIFIL MINES AMENDS AGREEMENT WITH IAMGOLD FOR LOS MENUCOS PROPERTIES Marifil Mines Ltd. has reached an agreement with Iamgold Argentina SA regarding Marifil's large property position in the Los Menucos mining district, Rio Negro province, Argentina. The agreement covers 17 Marifil properties totalling more than 430 square kilometres. Marifil has agreed to exchange a $500,000 (U.S.) payment due in June, 2005, for a 30-per-cent carried interest through feasibility for the properties. In addition, a $500,000 (U.S.) payment due the company in June, 2006, is postponed until June, 2007. Iamgold further agreed to spend a minimum of $250,000 (U.S.) on the properties in 2005 and a further $400,000 (U.S.) on the properties in 2006. Iamgold further agreed that if it does not spend a minimum of $250,000 (U.S.) on the properties in 2005 and a further $400,000 (U.S.) on the properties in 2006, the properties will revert to Marifil. In the event Iamgold's exploration is successful, the companies have agreed to form a new corporation to develop the property, with Iamgold holding 70 per cent and Marifil holding 30 per cent of the shares. Iamgold has been carrying on a large comprehensive program of geologic mapping, sampling, geophysical work and drilling. This work reveals a number of exciting targets, many with strong surface gold anomalies and others are large geophysical anomalies. To date, 51 drill holes have been completed 32 on the Cerro Abanico property and 19 on the Cerro La Mina property. Most of the drilling has been on very widely spaced centres with the objective of seeking Round Mountain-type ore targets. Many smaller but high-grade vein targets remain to be tested. Work by Iamgold reveals several high-grade gold intercepts in drilling including the following: Drill Intercept Gold Silver hole No. (m) (g/t) (g/t) ABDD-01 4.35 6.8 287 CMDD-03 2.4 27.0 -- ABDD-04 5.5 2.28 55 ABDD-07 0.55 5.67 68.6 ABDD-11 0.50 6.36 436 ABDD-12 1.9 3.26 174 CMRC-09 6.0 11.3 -- Marifil owns a number of other properties in this district that are not covered by this agreement. Several of these properties are being actively explored by Marifil. This press release has been reviewed and approved by John Hite, president of Marifil Mines, and by Steven Davis, general manager of Marifil. Both are qualified persons, as defined by National Instrument 43-101.

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