other material
confidence high
sentiment neutral
materiality 0.60
Coeur Mining announces C$25M private placement of flow-through shares for Silvertip exploration
Coeur Mining, Inc.
- Gross proceeds of ~$19M (C$25M) from 5.276M flow-through shares; overallotment option for 3M additional shares.
- Proceeds used exclusively for Canadian Exploration Expenditures on the Silvertip property in British Columbia.
- Also exchanged $11M of 5.125% Senior Notes due 2029 for 3,259,356 common shares in separate May-June 2023 transactions.
- Initial close expected June 27, 2023; overallotment close expected July 20, 2023, subject to customary conditions.