Coeur d'Alene Mines Corp. is calling for redemption of all of its outstanding 1.25 percent convertible senior notes due in 2024. A press release states there were $1.859 million worth of notes outstanding as of Dec. 1
The release states the notes issued Jan. 13, 2004 will be redeemed on Jan. 11, 2011 at a redemption price of 100 percent of the principle amount, plus accrued but unpaid interest thereon. Interest on the notes called for redemption ceases to accrue on and after the redemption date.
The release states note holders have the right to require the company to purchase their notes on Jan. 18, 2011. Holders that do not exercise this right by 5 p.m. on Jan. 14, 2011 will have their notes redeemed Jan. 21.
For more information, visit www.coeur.com.