SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CITADEL EQUITY FUND LTD

(Last)

(First)

(Middle)

C/O CITADEL INVESTMENT GROUP LLC

131 S. DEARBORN STREET, 32ND FL

(Street)

CHICAGO

60603

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
IDAHO GENERAL MINES INC [ GMO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2007

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/16/2007		P		537	A	$8.08	41,670	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		P		35	A	$8.1	41,705	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		P		3,755	A	$8.19	45,460	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		P		120	A	$8.2	45,580	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		P		2,000	A	$8.25	47,580	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		P		900	A	$8.27	48,480	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		200	D	$7.25	48,280	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		100	D	$7.3	48,180	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		400	D	$7.31	47,780	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		200	D	$7.32	47,580	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		140	D	$7.32	47,440	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		400	D	$7.32	47,040	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		500	D	$7.35	46,540	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		220	D	$7.36	46,320	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		520	D	$7.37	45,800	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		1,000	D	$7.37	44,800	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		1,130	D	$7.38	43,670	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		1,000	D	$7.4	42,670	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		1,500	D	$7.43	41,170	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		1,000	D	$7.45	40,170	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		250	D	$7.51	39,920	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		4,900	D	$7.52	35,020	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		100	D	$7.53	34,920	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		200	D	$7.53	34,720	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		500	D	$7.53	34,220	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		1,500	D	$7.57	32,720	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		300	D	$7.57	32,420	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		1,900	D	$7.6	30,520	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		7,190	D	$7.68	23,330	D⁽¹⁾⁽²⁾
Common Stock	07/16/2007		S		336	D	$7.69	22,994	D⁽¹⁾⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

1. Name and Address of Reporting Person^*

CITADEL EQUITY FUND LTD

(Last)

(First)

(Middle)

C/O CITADEL INVESTMENT GROUP LLC

131 S. DEARBORN STREET, 32ND FL

(Street)

CHICAGO

60603

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CITADEL INVESTMENT GROUP LLC

(Last)

(First)

(Middle)

C/O CITADEL INVESTMENT GROUP LLC

1131 S. DEARBORN STREET, 32ND FL

(Street)

CHICAGO

60603

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CITADEL L P

(Last)

(First)

(Middle)

C/O CITADEL INVESTMENT GROUP LLC

131 S. DEARBORN STREET, 32ND FL

(Street)

CHICAGO

60603

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Citadel Derivatives Group, LLC

(Last)

(First)

(Middle)

C/O CITADEL INVESTMENT GROUP LLC

131 S. DEARBORN STREET, 32ND FL

(Street)

CHICAGO

60603

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GRIFFIN KENNETH C

(Last)

(First)

(Middle)

C/O CITADEL INVESTMENT GROUP LLC

131 S. DEARBORN STREET, 32ND FL

(Street)

CHICAGO

60603

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The Reporting Persons became the beneficial owner of more than 10% of the Issuer's outstanding shares of common stock on July 12, 2007. The Reporting Persons ceased to be the beneficial owner of more than 10% of the Issuer's outstanding shares of common stock on July 17, 2007. Due to a calculation error involving the amount of the Issuer's common stock then outstanding, the computations performed on behalf of the Reporting Persons did not reflect, as of July 12, 2007, that they had acquired beneficial ownership of more than 10% of the outstanding shares of common stock of the Issuer. As a result, the Reporting Persons did not file this Form 4 until now.

2. This security is owned by Citadel Derivatives Group LLC.

Remarks:

See Attached.

	/s/ John C. Nagel, Director and Associate General Counsel	10/12/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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