Referenced Stocks

Platinum Group Metals Files C$180 Mln Offering; Shares Dive 13%

By Midnight Trader,  December 11, 2012, 11:43:45 AM EDT

Platinum Group Metals Ltd. ( PLG ) has filed a preliminary short-form prospectus in Canada and a registration statement in the United States in connection with a marketed offering of common shares to raise approximately C$180 million.

The company will also grant to the underwriters an option, exercisable for a period of 30 days following the closing of the offering, to purchase additional common shares representing an additional 15% of the offering to cover over-allotments, if any.

PLG shares are down 13% at $0.827.

Shares have a day range of $0.80 - $0.90, and a year range of $0.75 - $1.72.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: PLG



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