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by Mike Caswell

Intrepid Mines Ltd. denies that it was under any obligation to sell one million shares that it holds in New Nadina Explorations Ltd. to a Vancouver man. Intrepid says that the man, Christopher Anderson, had received inside information from New Nadina's chief executive officer. Given the situation, any deal to sell shares to Mr. Anderson would have been contrary to securities laws, according to Intrepid.

The statements from Intrepid come in response to a lawsuit that Mr. Anderson filed in the Supreme Court of British Columbia on Dec. 14, 2017. In that suit, he claimed that he had an agreement to buy shares of New Nadina from Intrepid at 4.5 cents. He said that he had struck the deal on Oct. 22, 2017, after some negotiation with Intrepid's acting CEO, Tony De Santis. Despite Mr. Anderson's best efforts, Intrepid refused to follow through with the arrangement, the suit claimed.

NEW NADINA

Ellen Clements

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