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Frontera Copper to price five-year senior notes on Friday via RBC
By Paul A. Harris
St. Louis, May 5 - Frontera Copper Corp. plans to price a Canadian dollar-denominated n offering of senior unsecured notes due June 15, 2010, with attached warrants for shares of stock in the company, on Friday, according to Frontera chief financial officer James Pringle.
Pringle, who said that the notes will not be rated, declined to specify the size of the deal or the price talk.
RBC Dominion Securities, Haywood Securities, Orion Securities, BMO Nesbitt Burns and National Bank Financial are the underwriters.
Proceeds, together with $44 million of existing cash, will be used to finance and develop a mine, a solvent extraction electrowinnowing processing facility and infrastructure at the company's Piedras Verdes property.
Frontera Copper is a Toronto-based mineral exploration and development corporation that owns directly and indirectly 100% of the issued and outstanding shares of CDM, a Mexican corporation that holds a 100% interest in the Piedras Verdes property located in Sonora, Mexico.
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