BRISBANE, AUSTRALIA — (Marketwired) — 04/26/13 — Intrepid Mines Limited (TSX: IAU)(ASX: IAU) (the -Company-) advises that the attached letter was mailed to shareholders today 26 April 2013.
Intrepid also advises that a copy of the requisition for a general meeting referred to in the shareholder letter has been placed on the Company-s website at .
Intrepid Mines
Letter to Shareholders
Dear Fellow Shareholder
Attempt to take Control of the Board
In my letter to you on 19 February, I advised you that a group called Quantum Pacific was contemplating trying to remove the entire Intrepid board (a copy of my letter is on our website at ).
As you may have read in the press, we have now received a requisition from Quantum Pacific and others seeking the removal of 5 of the 7 directors of Intrepid Mines and the appointment of 4 directors nominated by Quantum Pacific and its associates.
We are required by the Corporations Act to convene a meeting of all Intrepid shareholders to consider the resolutions being proposed by Quantum Pacific. I am writing to let you know that we will convene this meeting within the next two to three weeks and will hold the meeting within 2 months of the notice being received from Quantum Pacific and its associates.
The Notice of Meeting we send you will outline why your directors reject the arguments being put forward by Quantum Pacific and its associates.
Until you receive the Notice of Meeting, you do not need to take any action in relation to your Intrepid shares.
Ahead of sending you the Notice of Meeting, I do want to make 3 simple points.
As I said in my last letter, your directors appreciate the strong support that has been given to us by so many shareholders as we attempt to deal with this complex and challenging situation.
We look forward to your continuing support as we deal with this attempt by Quantum Pacific and its associates to take control of your company.
As always, if you have any questions about this or any other matters, please feel free to contact me or Brad Gordon.
Yours sincerely
Ian McMaster AM, Chairman
Inquiries regarding this letter may be directed to:
Contacts: Intrepid Mines Limited Brad Gordon Managing Director – Chief Executive Officer Brisbane, Australia (office) +61 7 3007 8000 / (mobile) +61 400 036 636
Intrepid Mines Limited Greg Taylor Investor Relations Toronto, Canada (office) +1 905 337 7673 / (mobile) +1 416 605 5120
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