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McMoRan files $1.5 billion shelf
By Susanna Moon
Chicago, July 11 - McMoRan Exploration Co. registered to sell up to $1.5 billion of securities in an S-3 filing with the Securities and Exchange Commission.
Covered by the shelf are debt securities, common stock, preferred stock, contracts and warrants. Securities may be issued as convertibles.
Proceeds will be used for general corporate purposes.
McMoRan is a New Orleans-based oil and gas exploration and production company.
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