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AIC Mines Ltd IAUFF

Metals & Mining Industrial Metals & Minerals
AIC Mines Limited is an Australia-based resources company. The Company is engaged in the exploration, mine development, mine operations and the sale of copper concentrate in Australia. Its projects include the Eloise Copper Mine, Marymia Project and Lamil Project. The Company owns the Eloise Copper Mine, a high-grade operating underground mine located Southeast of Cloncurry in North Queensland. It is also advancing a portfolio of exploration projects that are prospective for copper and gold, which include Jericho Copper Mine, Pyramid Project, Delamerian Project, Peake and Denison Copper Project and Windsor Base Metals Project. The Eloise Regional project consists of approximately 2,000 square kilometers (km2) of contiguous tenure. The Marymia Project is located approximately 160 kms south of Newman in the eastern Gascoyne region of Western Australia and covers approximately 3,600 km2. The Lamil Project is located in the Paterson Province of Western Australia.


OTCPK:IAUFF - Post by User

AIC Mines Ltd
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Comment by b00gn1shon Apr 05, 2007 2:29pm
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Post# 12557446

RE: IXN - IAU?

RE: IXN - IAU?The IXN shares were a choice issued to holders of the old IAU who didn't want to face tax consequences following the merger between Intrepid and Nustar. I'm not 100% clear on why those were issued, but thought it was to prevent taxation on Canadian shareholders. Also not clear if they are 1:1 convertible, but I think so. If you dig through their filings or news releases prior to the Intrepid-Nustar merger, you may get your answer. Also could call Intrepid investor relations.
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Dealroom for high-potential pre-IPO opportunities