Coeur d'Alene Mines holders take shares in exchange for $19.73 million of convertibles

By Angela McDaniels

Tacoma, Wash., March 10 - Coeur d'Alene Mines Corp. said it agreed to exchange $10.12 million principal amount of its 1.25% convertible senior notes due 2024 and $9.61 million of its 3.25% convertible senior notes due 2028 for 15,084,789 shares of common stock.

The exchanges are being made under privately negotiated agreements dated March 4, according to an 8-K filing with the Securities and Exchange Commission.

The shares were expected to be issued Tuesday.

The company is a Coeur d'Alene, Idaho-based silver and gold producer with mining interests in Alaska, Nevada, Argentina, Australia, Bolivia, Chile and Tanzania.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.