Coeur d'Alene Mines Corporation Announces Effectiveness of Shelf Registration Statement.COEUR D'ALENE Coeur d'Alene, city, United States Coeur d'Alene (kûrdəlān`), city (1990 pop. 24,563), seat of Kootenai co., N Idaho, near the Wash. line; inc. 1907. , Idaho--(BUSINESS WIRE)--March 31, 1998--Coeur d'Alene Mines Corporation today announced that the Securities and Exchange Commission has declared effective its "shelf" Registration Statement covering its 7 1/4% Convertible Subordinated Debentures due 2005 which were sold in October 1997 to "qualified institutional buyers In law, a Qualified Institutional Buyer is a purchaser of securities that is financially sophisticated and is legally recognized by security market regulators to need less protection from sellers than most members of the public. " and non-U.S. persons in an offering under Rule 144A Rule 144A A Securities & Exchange Commission rule modifying a two-year holding period requirement on privately placed securities to permit qualified institutional buyers to trade these positions among themselves. and Regulation S under the Securities Act of 1933. Debentureholders who are listed in the prospectus are now free to resell their Debentures. The remaining holders may request that their Debentures be similarly included in the future. The Debentures have been approved for listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and Debentures sold pursuant to the Registration Statement will be eligible for trading on that Exchange. Coeur d'Alene Mines Corporation is an international precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. mining company with gold and/or silver mines in Idaho, Nevada and Chile, as well as an advanced-stage developmental mining property in Alaska. CONTACT: Coeur d'Alene Mines Kevin L. Packard, 208/667-3511 |
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