Intrepid Mines Limited: ATO Ruling Re Off-Market Buy-Back

SYDNEY, AUSTRALIA -- (Marketwired) -- 03/30/15 -- Intrepid Mines Limited (ASX: IAU) ("Intrepid" or the "Company") advises that the Australian Taxation Office ("ATO") has published a final Class Ruling (CR 2015/20) in relation to the Company's off-market share buy-back ("Buy-Back"), which was implemented on 11 December 2014. The Class Ruling details the Australian income tax treatment of income for shareholders who disposed of their ordinary shares in the Buy-Back.

The outcome of the Class Ruling is consistent with information previously provided by the Company. In summary, for shareholders who disposed of their shares in the Buy-Back ("Participating Shareholders"), the Class Ruling confirms the following:

--  Participating Shareholders are taken to have received $0.30 per share as
    consideration in respect of the sale of each share sold in the Buy-Back;
    and
--  No part of the Buy-Back purchase price is taken to be a dividend for
    Australian income tax purposes.

The Class Ruling is attached to this announcement and can be viewed on the website of the ATO (http://law.ato.gov.au/atolaw/index.htm).

The tax consequences of participating in the Buy-Back may vary depending upon the individual shareholder's circumstances. The Company recommends that shareholders seek independent taxation advice on the implications of participating in the Buy-Back, based on their own specific circumstances.

Shareholder Enquiries
Matters related to shares held, change of address and tax file numbers
 should be directed to:

Computershare Investor Services
GPO Box 2975, Melbourne, Victoria 3001, australia
Telephone: 1300 805 505
+61 3 9415 4000

To view the Class Ruling in its entirety, please visit the following link: http://media3.marketwire.com/docs/999274g.pdf

Contacts:
Enquiries regarding this report may be directed to:
Ravi Underwood
Chief Financial Officer, Sydney, Australia
+61 2 9357 9000
[email protected]
www.intrepidmines.com.au

Source: Intrepid Mines Limited

You May Also Be Interested In

• Gold prices stem losses as dollar falls; more rate cues awaited
• Kitron: Minutes from Annual General Meeting 2024
• Avenir LNG Limited orders 2 x 20,000cbm LNG Bunker and Supply Vessels