Iron Mountain Mining to repay loan to Eagle Nickel, in Aluminex Resources bid
Iron Mountain Mining (ASX: IRM) has provided further information on its off market bid for all of the shares in Aluminex Resources.
Investors may recall that shareholders of Aluminex Resources will be offered one fully paid share in Iron Mountain for every four shares held in Aluminex Resources.
Iron Mountain has advised that discussions have been held with Eagle Nickle (ASX: ENL) in tandem with the takeover offer for Aluminex. Should the bid for Aluminex Resources be successful, Iron Mountain intends to repay in cash, the full loan amount owed to Eagle Nickel by Aluminex Resources, when it falls due on 4 November 2009.
Minimum acceptance condition for the offer is 50% of the Aluminex Resources shares on issue.














