Primero aims to retire 5.75% convertibles for buyout by First Majestic

By Susanna Moon

Chicago, Feb. 9 – Primero Mining Corp. said it asking holders to amend its 5.75% convertible unsecured subordinated debentures to accelerate the notes maturity in connection with a planned acquisition.

The company has scheduled a meeting for March 13 in Toronto. Holders must be of record as of the close of business on Feb. 9.

Primero is asking shareholders to consider the proposed acquisition of the company by First Majestic Silver Corp., according to a company announcement.

The company is asking to accelerate the maturity date of the Primero debentures to the next business day following the effective date of the acquisition.

Primero is a precious metals producer based in Toronto.

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