Business News • MarketWire • Applied Minerals, Inc. Announces $10,500,000 Financing |
Applied Minerals, Inc. Announces $10,500,000 Financing |
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Applied Minerals, Inc. Announces $10,500,000 Financing
NEW YORK, NY--(Marketwired - Aug 5, 2013) - Applied Minerals, Inc. (the "Company") (OTCQB: AMNL) (OTCBB: AMNL), a leading global producer of Halloysite Clay, today announced that it has successfully secured commitments for $10,500,000 of financing through the private placement of 10% Mandatorily Convertible PIK Notes due 2023 ("Notes"). The Notes have a strike price of $1.40 per share and convert into 7,500,000 shares of the common stock of Applied Minerals, Inc.
View More : http://www.marketwire.com/mw/release.do?id=1817678&sourceType=3
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