New York-listed Sunshine Mining has filed a registration statement covering a rights offering to be made to its shareholders.
Each right enables the holder to buy a unit consisting of two shares in the company and a 5-year warrant to buy an additional share. Also, if shareholders exercise all their rights, they can subscribe for additional units.
The maximum number of units available under the registration is 5.75 million. The rights offering will be made by prospectus and delivered to stockholders on a date to be determined by the board of directors. The purchase price of the unit and the exercise price of the warrant have yet to be set.
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