other material
confidence high
sentiment neutral
materiality 0.60
Coeur Mining raises $49.25M net via ATM offering; swaps $8M notes for stock
Coeur Mining, Inc.
- Completed ATM offering of 21,699,856 shares for net proceeds of ~$49.25M.
- Intends to use net proceeds to reduce outstanding debt and for general corporate purposes.
- Exchanged $8M of 5.125% Senior Notes due 2029 for 3,349,376 common shares in private deal.
- Stock-for-debt swap executed under Section 3(a)(9) exemption from registration.
- Updated corporate presentation posted on company website on September 18, 2023.