Coeur Announces Pricing of Public Offering
March 17 2006 - 6:58AM
PR Newswire (US)
COEUR D'ALENE, Idaho, March 17 /PRNewswire-FirstCall/ -- Coeur
d'Alene Mines Corporation (NYSE: CDE; TSX: CDM), the world's
largest publicly traded primary silver producer, today announced
the pricing of its public offering of common stock, which has been
increased to 24 million shares from the previously announced 22
million shares. Under an underwriting agreement between Coeur and
the underwriters entered into on March 16, 2006, Coeur will sell
the shares to the public at $5.60 per share. Coeur expects to
receive net proceeds, after the underwriters' discount, of
approximately $127.7 million prior to any exercise of the over-
allotment option. Coeur has granted the underwriters a 30-day
option to purchase up to an additional 3.6 million shares of common
stock at the public offering price to cover over allotments, if
any. Deutsche Bank Securities Inc. and JPMorgan are acting as joint
book-running managers of the offering. In addition, Bear Stearns
& Co., Inc. and RBC Capital Markets are acting as co-managers
of the offering. Copies of the prospectus supplement relating to
the offering may be obtained from Deutsche Bank Securities Inc., 60
Wall Street, New York, NY 10005 or from JPMorgan, Prospectus
Department, One Chase Manhattan Plaza, Floor 5B, New York, NY
10081. This press release shall not constitute an offer to sell or
a solicitation of an offer to buy common stock nor shall there be
any sale of such securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Coeur d'Alene Mines Corporation is the
world's largest publicly traded primary silver producer and has a
strong presence in gold. The Company has mining interests in
Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Idaho.
Cautionary Statement Company press releases may contain numerous
forward-looking statements within the meaning of securities
legislation in the United States and Canada relating to the
Company's silver and gold mining business. Such statements are
subject to numerous assumptions and uncertainties, many of which
are outside the Company's control. Operating, exploration and
financial data, and other statements in this document are based on
information the Company believes reasonable, but involve
significant uncertainties as to future gold and silver prices,
costs, ore grades, estimation of gold and silver reserves, mining
and processing conditions, currency exchange rates, and the
completion and/or updating of mining feasibility studies, changes
that could result from the Company's future acquisition of new
mining properties or businesses, the risks and hazards inherent in
the mining business (including environmental hazards, industrial
accidents, weather or geologically related conditions), regulatory
and permitting matters, risks inherent in the ownership and
operation of, or investment in, mining properties or businesses in
foreign countries, as well as other uncertainties and risk factors
set out in the Company's filings from time to time with the SEC and
the Ontario Securities Commission, including, without limitation,
the Company's reports on Form 10-K and Form 10-Q. Actual results
and timetables could vary significantly from the estimates
presented. Readers are cautioned not to put undue reliance on
forward-looking statements. The Company disclaims any intent or
obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or otherwise.
Contact: Scott Lamb 208-665-0777 DATASOURCE: Coeur d'Alene Mines
Corporation CONTACT: Scott Lamb of Coeur d'Alene Mines Corporation,
+1-208-665-0777 Web site: http://www.coeur.com/
Copyright