Western Goldfields files shelf prospectus
2006-11-06 07:40 ET - News Release
Mr. Brian Penny reports
WESTERN GOLDFIELDS SHELF REGISTRATION FILED IN U.S. AND CANADA -- DECLARED EFFECTIVE BY SEC
The United States Securities and Exchange Commission (SEC) has declared effective Western Goldfields Inc.'s Form S-3 Registration Statement as filed on Oct. 5, 2006. Western Goldfields has also filed a short-form shelf prospectus under the multijurisdictional disclosure system (MJDS) in each of the provinces of Canada, except Quebec.
Western Goldfields may now issue securities in the United States and Canada from time to time and through one or more methods of distribution and may raise up to $100-million (U.S.) under this registration statement. The securities may consist of any or a combination of common shares, preferred stock, senior or subordinated debt securities and related guarantees, and warrants to acquire the above securities. The securities may be offered, separately or together, in separate series, in amounts, at prices and on terms to be set forth in the prospectus contained in the S-3 registration statement and in one or more supplements to the prospectus and may only be offered pursuant thereto. These securities, if issued, will be freely tradable.
"Western Goldfields has filed the registration statement and the Canadian shelf prospectus to allow the company greater flexibility in selecting the most attractive source of financing for the Mesquite mine expansion," said Randall Oliphant, chairman, Western Goldfields. "The securities which may be offered are intended to be in addition to or as a complement to project financing options which we are currently exploring," he added. The company currently has no commitments to sell any securities under the registration statement, but will consider such options, subject to favourable market conditions and the company's capital requirements.
We seek Safe Harbor. |
