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Pepco Holdings (POM) Expands Private Placement to ~26M Units

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PolyMet Expands Financing to US$30 Million

October 12, 2016 7:20 AM EDT

ST. PAUL, MINNESOTA -- (Marketwired) -- 10/12/16 -- PolyMet Mining Corp. ("PolyMet" or the "Company") (TSX: POM)(NYSE MKT: PLM) announced today that it has expanded its previously-announced private placement to approximately 26 million Units (the "Units"), at a price of US$0.75 per Unit for gross proceeds of approximately US$19.5 million in a private transaction that is exempt from the registration requirements of the Securities Act of 1933 as amended (the "Offering"). Each Unit will consist of one common share (a "Common Share") and one half of one Common Share purchase... More