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PolyMet Mining Corp. (TSE:POM,NYSE:PLM) reports it has closed the second tranche of its ] private placement with Glencore AG.
PolyMet Mining Corp. (TSX:POM,NYSE:PLM) reports it has closed the second tranche of its ] private placement with Glencore AG.
The press release is quoted as saying,
…issuing 5 million common shares of the Company (the “Tranche 2 Shares”) at US$2.00 per Share for gross proceeds of US$10 million.
Separately, Glencore has acquired pursuant to a private transaction 9,200,547 common shares (the “Cliffs Shares”) of PolyMet at a price of US$1.4233 per share, from Cliffs Erie L.L.C., a wholly owned subsidiary of Cliffs Natural Resources Inc.
For the complete press release, click here.
