Published on 12/11/2008 in the Prospect News PIPE Daily.
New Issue: Lundin Mining takes in C$135.8 million from private placement of shares
By Devika Patel
Knoxville, Tenn., Dec. 11 - Lundin Mining Corp. settled a C$135.8 million private placement of stock.
The company sold 96,997,492 common shares at C$1.40 apiece to HudBay Minerals Inc. As a result of this deal, HudBay and Lundin Mining have terminated their previously announced loan agreement.
Proceeds will be used for general corporate purposes.
Lundin Mining is a Toronto-based international mining company.
| Issuer: | Lundin Mining Corp.
|
| Issue: | Common shares
|
| Amount: | C$135,796,488.80
|
| Shares: | 96,997,492
|
| Price: | C$1.40
|
| Warrants: | No
|
| Investor: | HudBay Minerals Inc.
|
| Settlement date: | Dec. 11
|
| Stock symbol: | NYSE: LMC
|
| Stock price: | $0.98 at close Dec. 11
|
| Market capitalization: | $383 million
|
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