Intrepid Mines Limited

TSX : IAU
ASX : IAU


Intrepid Mines Limited

April 09, 2014 08:00 ET

Intrepid Shareholders Overwhelmingly Approve Settlement of the Indonesian Dispute for a US$80 Million Cash Consideration

BRISBANE, AUSTRALIA--(Marketwired - April 9, 2014) - Intrepid Mines Limited (TSX:IAU)(ASX:IAU) ("Intrepid", or the "Company"), is pleased to advise that shareholders have voted overwhelmingly in favour of the Intrepid Board's recommended settlement of the Indonesian dispute. Formal completion of the transaction following this positive result is expected to occur on 10 April 2014, with the funds expected to be in the Company's account in the following days.

Managing Director Scott Lowe said "We are very pleased that the shareholders have endorsed the board's recommended commercial settlement of the Indonesian dispute. It is particularly encouraging that the vote for the resolution is the highest in the Company's history. We now look forward to presenting shareholders with a choice regarding the deployment of the funds."

The Company advises that the Resolution to approve the settlement was passed on a show of hands. Proxies received were as follows:

Votes in
FAVOUR
Votes Against Open to Board Open - Other Abstain
373,634,652 1,288,841 1,875,570 38,045 141,575

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