Brief: Polymet Mining Corp Announces Filing Of Preliminary Prospectus For Rights Offering

Polymet Mining

07/05/2019 12:32

May 7 (Reuters) - Polymet Mining Corp  POM.TO :
    * POLYMET ANNOUNCES FILING OF PRELIMINARY PROSPECTUS FOR
RIGHTS
OFFERING AND ENTRY INTO STANDBY PURCHASE AGREEMENT WITH GLENCORE
    * POLYMET MINING - ENTERED INTO STANDBY PURCHASE AGREEMENT
PURSUANT TO WHICH GLENCORE HAS AGREED TO EXERCISE ITS BASIC
SUBSCRIPTION PRIVILEGE IN FULL
    * POLYMET MINING - SUBJECT TO SATISFACTION OF TERMS AND
CONDITIONS
OF STANDBY PURCHASE AGREEMENT, RIGHTS OFFERING WILL BE FULLY
BACKSTOPPED BY GLENCORE
    * POLYMET MINING CORP - GLENCORE WILL BE ENTITLED TO A FEE
AT
CLOSING OF RIGHTS OFFERING OF APPROXIMATELY US$7.7 MILLION
    * POLYMET MINING - COMPANY INTENDS TO MAKE AVAILABLE
PROCEEDS OF
RIGHTS OFFERING FOR REPAYMENT OF AMOUNT THAT CO IS INDEBTED TO
GLENCORE

Source text for Eikon:  ID:nBw8TYVZfa 
Further company coverage:  POM.TO 

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