IGC 0.00% 33.5¢ international goldfields limited..

monies received

  1. 872 Posts.
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    This is from the pattersons research note on CFE... they say IGC received $20M on 15 July ??


    "
    International Goldfields Ltd (IGC) (12.3%): ASX listed IGC (MCap ~A$31M)
    entered into an agreement with NKWE Platinum Limited (ASX: NKP) to sell its 15 per
    cent interest in three farms within the Bushveld platinum region of South Africa to
    NKWE for A$60M. Under the terms of the transaction IGC received a payment of
    A$20M on 15 July 2009, with the balance of A$40M to be paid on or before 28
    February 2010 to secure the acquisition of the 15% interest. The transaction is
    subject to government and regulatory approvals but with no roadblocks expected IGC
    will soon become a cash box with ~A$66M in the bank.
    "
 
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Currently unlisted public company.

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