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BRISBANE, AUSTRALIA--(Marketwire - Nov. 9, 2012) - Intrepid Mines Limited ("Intrepid", or the "Company") (TSX:IAU)(ASX:IAU) reports that it has acquired 10,000,000 units (each, a "Unit") of New Nadina Explorations Limited (TSX VENTURE:NNA) ("New Nadina") at a price of $0.10 per Unit, representing an aggregate purchase price of C$1,000,000 pursuant to a non-brokered private placement financing of New Nadina (the "Private Placement"). Each Unit is comprised of one common share in the capital of New Nadina (a "Share") and one half of one non-transferable common share purchase warrant of New Nadina (a "Warrant"). Each one whole Warrant is exercisable into one further Share at $0.15 per Share for a period of up to two years after the issue of the Warrant. The 10,000,000 Shares comprising part of the Units acquired by Intrepid represent 12.6% of the total Shares outstanding as of the date of issue. |
