Coeur offering priced at $3.40
Thursday September 11, 7:43 pm ET
COEUR D'ALENE, Idaho, Sept. 11 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE: CDE - News) announced today the pricing of its previously announced public offering of 20,635,000 shares of common stock. Under an underwriting agreement between Coeur and the underwriters entered into on September 11, 2003, Coeur will sell the shares to the public at $3.40 per share. Coeur expects to receive net proceeds, after payment of the underwriters' discount, of approximately $66.5 million prior to the exercise of any over allotment option. Coeur has granted the underwriters a 30-day option to purchase up to an additional 3,095,250 shares of common stock at the public offering price to cover over allotments, if any.
The offering is being managed by CIBC World Markets. A copy of the final prospectus related to the offering can be obtained from CIBC World Markets by e-mail: useprospectus@us.cibc.com or fax: 212-667-6136.
The net proceeds will be used for exploration and development activities, debt reduction, acquisitions, and/or general corporate purposes.
Coeur d'Alene Mines Corporation is the world's largest primary silver producer, as well as a significant, low-cost producer of gold. The Company has mining interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia.
This press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities described above, nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such a state.
CONTACT: Tony Ebersole, Director of Investor Relations of Coeur d'Alene Mines Corporation, +1-208-665-0335. |
