Silver Standard Resources Closes Stock Offering
Stock quotes in this article:
SSO
NEW YORK (AP) — Canadian silver miner Silver Standard Resources Inc. said Monday it has closed its previously disclosed stock offering and expects to collect about $48.3 million in net proceeds.
The company offered nearly 3 million shares at $17 apiece. It had originally expected to offer about 2.7 million shares. The company expects to use the proceeds to develop mineral properties, to repay debt and for general corporate purposes. U.S.-listed shares fell 78 cents, or 4.3 percent, to $17.40 in midday trading.- Loading Comments...
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