To: TD who wrote (2604 ) 2/25/2000 11:11:00 AM From: long-gone Read Replies (1) | Respond to of 8010
Does this sound a bit bullish for longer range higher silver prices? Apex Silver Mines Limited Warrants Listed On The American StockExchange Source: PRNewswire DENVER, Feb. 25 /PRNewswire/ -- [Apex Silver Mines Limited] (Amex: SIL) is pleased to announce that the Company's warrants are now listed on the American Stock Exchange trading under the ticker symbol SIL.WS. The 4,088,158 warrants were sold as part of the Company's November 1999 public equity offerings to existing and new institutional and individual investors. The warrants are exercisable into one ordinary share at any time on or before November 4, 2002 at a price of $18.00 per ordinary share. The warrants, if exercised, would raise an additional $73.6 million for the Company. Apex Silver Mines Limited, a Cayman Islands corporation, has discovered one of the world's largest open pit silver deposits at its wholly-owned San Cristobal Project in the Potosi Department of southern Bolivia. San Cristobal's existing proven and probable reserves now total 240 million tonnes of ore grading 2.0 ounces per tonne of silver, 1.67 percent zinc and 0.58 percent lead (containing approximately 470 million ounces of silver, 8.8 billion pounds of zinc and 3.1 billion pounds of lead). In addition to holdings at San Cristobal, Apex's portfolio includes silver properties primarily located in the traditional silver-producing regions of Central and South America. Exploration efforts continue to yield promising results at advanced stage exploration projects like Platosa in northern Mexico. CONTACT: Linda G. Wilson, Vice President - Investor Relations, Apex Silver Mines, 303-839-5060 SOURCE Apex Silver Mines Limited Publication date: Feb 25, 2000