I have to repeat this from mikxx1

mikxx1 posted "IGD got news" All day long I was thinking that same thing to myself!!

Other concern I read is " could this happen to SLI?" Why would they spin out the other properties to Havilah. Separating the Peru properties from the others , then go backwards buying some other entity? It's not going to happen.

Monday, 5 Mar 2012 08:00pm EST

St. Elias Mines Ltd. announced that it has received conditional approval from the TSX Venture Exchange with respect to its Plan of Arrangement or "spin-out" of its property assets in British Columbia to Havilah Mines Ltd. The Plan of Arrangement was approved by a special resolution passed by the shareholders of St. Elias at a meeting held on November 17, 2011, and approved by the Supreme Court of British Columbia on November 18, 2011. The Plan of Arrangement, which is fully described in the St. Elias' information circular dated October 19, 2011, effectively involves a restructuring of the Company's business and assets in order to separate its property interests in Peru from its property interests in British Columbia. Upon completion of the Plan of Arrangement, Havilah will hold a 100% interest in St. Elias' mineral properties in British Columbia and St. Elias will retain 100% of its interest in all of its Peruvian gold properties.