SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Stillwater Mining (PGMS) - pure platinum/palladium play
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Frank Byers who wrote (32)10/31/1996 7:38:00 PM
From: Richard Mazzarella   of 182
 
Stillwater Mining Company Registers Previously Issued Shares

DENVER, Oct. 31 /PRNewswire/ -- Stillwater Mining Co announced that a shelf registration statement has been declared effective by the Securities and Exchange Commission. The registration statement covers up to 9,525,071 shares of the Company's outstanding common stock which was originally issued in private placement transactions and was not previously registered under the Securities Act of 1933. As disclosed, approximately 6,000,000 of these shares became eligible for public sale on September 16, 1996, pursuant to rule 144 under the Securities Act, subject to certain volume limitations and other restrictions. The shares included in the registration statement may only be sold by the selling stockholders named therein, and the Company will not receive any of the proceeds from the sale of such shares, to the extent they are sold.

"We took this action to improve the liquidity of our stock and simplify the administration of stock transfers, particularly in light of the expiration of the rule 144 two year waiting period that occurred last month," said Charles R. Engles, Chairman and Chief Executive Officer.

This notice does not constitute an offer of any securities for sale. Any offering of securities will be made only by means of a prospectus filed as part of the registration statement referred to above.

Stillwater is the only U.S. producer of platinum and palladium and the only significant primary source of platinum group metals (PGMs) outside of South Africa. Stillwater's vast ore body in southern Montana is the richest known deposit of PGMs in the world and contains sufficient reserves to make Stillwater one of the largest precious metals companies in North America on a reserve basis. SOURCE Stillwater Mining Company
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News