Coeur CEO Establishes Rule 10b5-1 Plan
September 29 2006 - 10:00AM
PR Newswire (US)
COEUR D'ALENE, Idaho, Sept. 29 /PRNewswire-FirstCall/ -- Coeur
d'Alene Mines Corporation (NYSE: CDE; TSX: CDM) today announced
that Dennis E. Wheeler, Chairman, President and Chief Executive
Officer of the company, has entered into a Rule 10b5-1 plan with a
securities brokerage firm pursuant to which he may publicly sell
over a one-year period up to 500,000 shares of the company's common
stock that may be acquired by him in the future upon the exercise
of previously granted stock options. Mr. Wheeler has served as the
company's Chief Executive Officer since 1986 and is entering into
the plan in order to diversify his securities holdings. SEC rules
permit a person who is not in possession of material non-public
information regarding an issuer to enter into a so-called Rule
10b5-1 plan that calls for the purchase or sale of shares of the
issuer in the future even though the person might be in possession
of material non-public information regarding the issuer at the time
of the purchase or sale. Transactions under the plan will be
disclosed publicly through Form 4 filings with the SEC. 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, and Nevada. 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/
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