Additional Information
Market:ASX
Sector:General Mining
EPIC:IRM
Latest Price: 0.04  (0.00%)
52-week High:0.12
52-week Low:0.04
Market Cap:4.88M
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Iron Mountain Mining

Iron Mountain Mining (ASX: IRM)is a mineral exploration company focusing on iron ore exploration in Australia. IRM was established primarily to acquire and explore for iron ore.

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Iron Mountain Mining to repay loan to Eagle Nickel, in Aluminex Resources bid

Monday, August 10, 2009
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.

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