Lemhi County Industrial Development, Idaho's Formation Capital bonds have mandatory tender

By Marisa Wong

Madison, Wis., June 29 - Industrial Development Corp. of Lemhi County, Idaho, gave notice that all $57.2 million of its outstanding Formation Capital Corp. U.S. Project series 2010 recovery zone facility revenue bonds due Dec. 1, 2038 are subject to mandatory tender on July 5.

The variable-rate bonds will be purchased at par.

The Bank of New York Mellon Trust Co., NA is the tender agent.

The Lemhi County, Idaho, corporation issues bonds to finance the development of local industrial facilities.

Based in Salmon, Idaho, Formation Capital engages in the exploration, development and refining of mineral properties. Formation Capital is a subsidiary of Vancouver, B.C.-based Formation Metals Inc.

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