Coeur Notified That Underwriters Have Exercised Over-Allotment Option
21 March 2006 - 10:00PM
PR Newswire (US)
COEUR D'ALENE, Idaho, March 21 /PRNewswire-FirstCall/ -- Coeur
d'Alene Mines Corporation (NYSE: CDE; TSX: CDM), the world's
largest publicly traded primary silver producer, has been notified
that its underwriters have elected to exercise the over-allotment
option in connection with the company's previously announced
offering of common stock. With the exercise of the 3.6-million
share over-allotment option, the total number of shares to be
issued upon the closing of the transaction on March 22 is 27.6
million shares at the previously announced public offering price of
$5.60. Coeur now expects to receive total net proceeds, after the
underwriters' discount, of approximately $146.8 million. 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/
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