Thanks for the suggestion.
International Metal Enterprises, Inc. filed an S-1 with the SEC of February 23, 2005. At that time, the company was looking to raise $180 million.
sec.gov
The registration statement was withdrawn on July 11, 2005. At that time the company stated, “The application herein is made on the grounds that the Registrant has determined at this time not to proceed with the proposed offering in the United States, as filed, and may undertake a subsequent private offering in reliance on Rule 155(c) and/or may pursue admission for trading on a non-United States public market.”
Message 21506054
The company, which is looking to acquire an operating company in the metal and mining industry, subsequently went public in Europe, raising gross proceeds totaling $201 million.
On October 3, 2005, the Company sold 33,500,000 units ("Units") in the Offering at a price of $6.00 per Unit, generating gross offering proceeds of $201,000,000. Each Unit consists of one share of the Company's common stock, par value $.0001 per share (the "Common Stock"), and two redeemable common stock purchase warrants ("Warrants"). Each Warrant will entitle the holder to purchase from the Company one share of Common Stock at an exercise price of $5.00 per share commencing the later of the completion of a Business Combination with a target business or October 3, 2006. The Warrants expire on October 3, 2009.
advfn.com
The common shares, which are listed on the London Stock Exchange and trade under the symbol IML, closed at $5.35 yesterday.
advfn.com |
