LionOre greenshoe exercised, raising size of convertibles to $144 million

Pittsburgh, Aug. 27 - LionOre Mining International Ltd. said Barclays Capital partially exercised the over-allotment option on LionOre's 3.8% senior unsecured convertible notes due July 2011, raising the size of the deal to $144 million.

The Toronto-based mining company originally priced $140 million of the securities after the close on June 29 to yield 3.8% with a 37% initial conversion premium.

Barclays was the bookrunner and stabilization manager on the deal.

LionOre will use proceeds for general corporate purposes.

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