Coeur Announces Commencement of Exchange Offer
September 30 2013 - 8:00AM
Business Wire
Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE:CDE,
TSX:CDM) today announced its offer to exchange certain of its
outstanding unregistered notes for new registered notes in
accordance with the terms of its registration rights agreement with
existing holders of those notes.
Under the exchange offer, Coeur is offering to exchange (the
“Exchange Offer”) up to $300,000,000 aggregate principal amount of
its outstanding 7.875% Senior Notes due 2021 for a like principal
amount of its new 7.875% Senior Notes due 2021 (the “Exchange
Notes”).
The Exchange Offer will expire at 5:00 p.m., Eastern time, on
October 29, 2013, unless extended (such date and time, as may be
extended, the “Expiration Date”). The settlement date for the
Exchange Offer will occur promptly following the Expiration Date.
The Exchange Offer is made only pursuant to Coeur’s prospectus
dated September 30, 2013, which has been filed with the Securities
and Exchange Commission. Coeur has not authorized any person to
provide information other than as set forth in the prospectus.
Additional Information
Copies of the prospectus and transmittal materials governing the
Exchange Offer can be obtained from the exchange agent, The Bank of
New York Mellon, by faxing a request to (732) 667-9408 or by
writing via registered and certified mail, overnight courier,
regular mail or hand delivery to The Bank of New York Mellon, c/o
The Bank of New York Mellon Corporation, 111 Sanders Creek Parkway,
East Syracuse, NY 13057, Attn: Christopher Landers.
This press release is for informational purposes only and is
neither an offer to exchange, nor a solicitation of an offer to
sell, the Exchange Notes. The Exchange Offer is made solely
pursuant to the prospectus dated September 30, 2013, including any
supplements thereto. The Exchange Offer is not being made to
holders in any jurisdiction in which the making or acceptance
thereof would not be in compliance with the securities, blue sky,
or other laws of such jurisdiction.
About Coeur
Coeur Mining, Inc. is the largest U.S.-based primary silver
producer and a growing gold producer. The Company has four precious
metals mines in the Americas generating strong production, sales
and cash flow. Coeur produces from its wholly owned operations: the
Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine
in Bolivia, the Rochester silver-gold mine in Nevada and the
Kensington gold mine in Alaska. The Company also has a
non-operating interest in the Endeavor mine in Australia. In
addition, the Company has two silver-gold feasibility stage
projects – the La Preciosa project in Mexico and the Joaquin
project in Argentina. The Company also conducts ongoing exploration
activities in Mexico, Argentina, Nevada, Alaska and Bolivia. The
Company owns strategic investment positions in eight silver and
gold development companies with projects in North and South
America.
Cautionary Note Regarding Forward Looking Statements
This news release contains forward-looking statements within the
meaning of securities legislation in the United States and Canada.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause Coeur’s actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include,
among others, the risks that permits necessary for the planned
Rochester expansion may not be obtained, the risks and hazards
inherent in the mining business (including risks inherent in
developing large-scale mining projects, environmental hazards,
industrial accidents, weather or geologically related conditions),
changes in the market prices of gold and silver and a sustained
lower price environment, the uncertainties inherent in Coeur's
production, exploratory and developmental activities, including
risks relating to permitting and regulatory delays, ground
conditions, grade variability, any future labor disputes or work
stoppages, the uncertainties inherent in the estimation of gold and
silver ore reserves, changes that could result from Coeur's future
acquisition of new mining properties or businesses, reliance on
third parties to operate certain mines where Coeur owns silver
production and reserves, the loss of any third-party smelter to
which Coeur markets silver and gold, the effects of environmental
and other governmental regulations, the risks inherent in the
ownership or operation of or investment in mining properties or
businesses in foreign countries, Coeur's ability to raise
additional financing necessary to conduct its business, make
payments or refinance its debt, as well as other uncertainties and
risk factors set out in filings made from time to time with the
United States Securities and Exchange Commission, and the Canadian
securities regulators, including, without limitation, Coeur's most
recent reports on Form 10-K and Form 10-Q. Actual results,
developments and timetables could vary significantly from the
estimates presented. Readers are cautioned not to put undue
reliance on forward-looking statements. Coeur disclaims any intent
or obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, Coeur undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of Coeur, its financial or operating results or its
securities.
Offering Restrictions
This release does not constitute an invitation to participate in
the Exchange Offer in any jurisdiction in which, or to any person
to or from which, it is unlawful to make such invitation or for
there to be such participation under applicable securities laws.
The distribution of this release in certain jurisdictions may be
restricted by law. Persons into whose possession this release or
the prospectus come are required to inform themselves about, and to
observe, any such restrictions.
Coeur Mining, Inc.Bridget Freas, Director, Investor
Relations312-489-5819orDonna Mirandola, Director, Corporate
Communications312-810-8138www.coeur.com
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