Inmet Mining calls all C$64.05 million convertible debentures

By Caroline Salls

Pittsburgh, Dec. 9 - Inmet Mining Corp. said it will redeem all its C$64.05 million convertible subordinated debentures due Sept. 30, 2007 for cash on Jan. 20 at a redemption price of C$1,000 per C$1,000 principal amount plus accrued interest.

The debentures can be converted into common shares of Inmet before the close of business on Jan. 19, 2005 at a rate of 47.0589 common shares per C$1,000 principal amount of debentures. The conversion price is C$21.25 per share.

Inmet stock closed at C$19.03 Thursday.

Inmet is a Toronto-based international mining company.

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