General Moly files $500 million shelf registration

By Devika Patel

Knoxville, Tenn., May 8 - General Moly, Inc. filed a $500 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers common stock, preferred stock, debt securities, warrants and units. The preferreds and debt securities may be convertible.

Proceeds will be used to fund the exploration and development of the company's properties, to fund its operations and for other general corporate purposes, such as working capital, capital expenditures, investments and acquisitions.

General Moly, formerly Idaho General Mines, is a Lakewood, Colo.-based molybdenum mineral development, exploration and mining company.

© 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.