TNA Moly Trims Stake in Molycorp (MCP) to 7.3%
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TNA Moly Group LLC filed an amended 13D with the U.S. Securities and Exchange Commission showing a lowered stake in Molycorp (NYSE: MCP).
From holding 6,480,972 shares of Molycorp common stock, or 7.9 percent, from its last filing in mid-February, TNA Moly now owns 6,152,774 common shares, or 7.3 percent.
TNA Moly also noted that n March 16, 2011, it sold 328,198 shares pursuant to the exercise by the underwriters of the over-allotment option. The price per share at which the shares of Common Stock of the Company were sold to the public in the Selling Stockholder Offering was $50.00. The purchase price per share at which the Reporting Persons sold its shares of Common Stock of the Company to the Underwriters pursuant to the Underwriting Agreement was $47.8
Molycorp shares are trading 3.5 percent lower on the session.
From holding 6,480,972 shares of Molycorp common stock, or 7.9 percent, from its last filing in mid-February, TNA Moly now owns 6,152,774 common shares, or 7.3 percent.
TNA Moly also noted that n March 16, 2011, it sold 328,198 shares pursuant to the exercise by the underwriters of the over-allotment option. The price per share at which the shares of Common Stock of the Company were sold to the public in the Selling Stockholder Offering was $50.00. The purchase price per share at which the Reporting Persons sold its shares of Common Stock of the Company to the Underwriters pursuant to the Underwriting Agreement was $47.8
Molycorp shares are trading 3.5 percent lower on the session.
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