Molycorp (MCP) Closes 12.5M Common Placement w/ Molymet for $390M

March 12, 2012 9:17 AM EDT
Molycorp, Inc. (NYSE: MCP) announced the closing of its previously announced placement of 12.5 million shares of Molycorp common stock with Molibdenos y Metales S.A. (Molymet), for approximately $390 million.


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