PolyMet Mining (PLM) to Sell $20M Common Shares to Glencore
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PolyMet Mining (AMEX: PLM) agrees to sell $20 million in common shares to Glencore AG. According to the terms, PolyMet will sell 13,333,333 common shares at $1.50/share.
As part of the deal, PolyMet agreed to issue Glencore warrants to purchase 2.6 million common shares at $1.50/share at any time til Dec. 31, 2015.
As part of the deal, PolyMet agreed to issue Glencore warrants to purchase 2.6 million common shares at $1.50/share at any time til Dec. 31, 2015.
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