Coeur d'Alene to swap shares for $14.22 million in 3.25% convertibles

By Devika Patel

Knoxville, Tenn., May 6 - Coeur d'Alene Mines Corp. agreed to issue common shares in exchange for approximately $14.22 million of its 3.25% convertible senior notes due 2028, according to an 8-K filed Thursday with the Securities and Exchange Commission.

On May 10, the company will issue 285,602 shares. On May 21, it will issue a number of shares equal to $9.5 million divided by the arithmetic average of the two lowest daily volume-weighted average prices of the stock during the 10 consecutive trading days beginning on May 7.

Coeur d'Alene Mines is a silver and gold producer based in Coeur d'Alene, Idaho.

© 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.