A registration statement was recently filed with the Securities and Exchange Commission by Coeur d’Alene Mines (NYSE) for a US$75-million public offering of convertible subordinated debentures.
The Idaho-based company plans to use the net proceeds from the offering for general corporate purposes, “including the possible acquisition of, or investment in, additional precious metals properties or businesses, and for possible developmental activities on new or existing mining properties.” Coeur d’Alene is involved in a number of silver and gold properties primarily in Nevada, Idaho, Alaska and Chile.
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