Newmont Announces Proposed Convertible Debt Offering and IAMGOLD Announces Further Drill Results at Quimsacocha.

0 Comments | M2 Presswire, July, 2007

M2 PRESSWIRE-11 July 2007-U.S. Equity News: Newmont Announces Proposed Convertible Debt Offering and IAMGOLD Announces Further Drill Results at Quimsacocha(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:11072007 City of Industry, CA - Gold & Silver industry alert provided by U.S. Equity News. Newmont Mining Corporation (NYSE: NEM) announced on Tuesday July 10, 2007 its intention to offer, in the aggregate, $1.0 billion of Convertible Senior Notes.

The Company intends to use the net proceeds from the offering to repay all amounts outstanding under its corporate revolving credit facility, to enter into the convertible note hedge and warrant transactions described below, and for general corporate purposes. Hecla Mining Company (NYSE:HL) announced on Tuesday July 10,...

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