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PolyMet Mining Corp. (TSX:POM,NYSE:PLM) reported continued progress on the environmental review and the previously announced Rights Offering, as well as a successful open house on May 29, 2013.
As quoted in the press release:
More than 1,000 people attended the PolyMet open house at the Arena in Hoyt Lakes, MN on May 29, 2013. Booths described the environmental review and permitting process, mining and processing, plans to protect the environment, technology to monitor and maintain air and water quality, as well as job opportunities and the economic benefit of the project.
On May 13, 2013 PolyMet reported that ERM, the independent EIS Contractor, had completed drafting the NorthMet preliminary supplemental draft Environmental Impact Statement (“EIS”).
The NYSE MKT has informed the Company that the Rights to be issued in the previously announced Rights Offering were listed for trading today, May 30, 2013, ticker PLM.R.
The Rights will be listed for trading on the TSX on May 31, 2013, ticker POM.RT. The Rights Offering will commence with mailing of Rights certificates to all shareholders of Record on June 4, 2013. Every shareholder will receive one Right for every share owned. Two Rights enable the holder to purchase one new PolyMet common share at US$0.66 at any time until July 3, 2013. PolyMet common stock will start trading “ex-Rights” on both the TSX and NYSE MKT on Friday, May 31, 2013.
PolyMet Mining Corp. President and CEO, Jon Cherry, said:
Completion of the $60.5 million Rights Offering will mean that PolyMet is well financed to complete the environmental review process, obtain permits needed to build and operate the NorthMet Project, and prepare for rapid construction once we have the permits.
Click here to read the PolyMet Mining Corp. (TSX:POM,NYSE:PLM) press release
Click here to see the PolyMet Mining Corp. (TSX:POM,NYSE:PLM) profile