Coeur Mining Reports Unregistered Equity Sales, Details Not Disclosed
Ticker: CDE · Form: 8-K · Filed: Feb 27, 2024 · CIK: 215466
Sentiment: neutral
Topics: 8-K, equity-sales, corporate-filing
TL;DR
**Coeur Mining filed an 8-K for unregistered equity sales and other events, but the filing provides no specific details on the transactions.**
AI Summary
Coeur Mining, Inc. filed an 8-K on February 27, 2024, reporting "Unregistered Sales of Equity Securities" and "Other Events." The filing indicates the earliest event reported occurred on February 27, 2024. However, the provided text does not contain specific details regarding the nature, volume, or financial impact of these sales or events.
Why It Matters
This filing signals that Coeur Mining, Inc. has issued equity outside of a registered offering, which can impact shareholder dilution and capital structure, though specific details are not available in this excerpt to assess the full implications.
Risk Assessment
Risk Level: medium — The filing mentions "Unregistered Sales of Equity Securities" and "Other Events" without providing any specific details, making it impossible to assess the financial impact or potential risks to investors.
Key Players & Entities
- Coeur Mining, Inc. (company) — registrant
- Delaware (location) — state of incorporation
- Chicago (location) — principal executive offices city
- February 27, 2024 (date) — date of earliest event reported
FAQ
What specific events did Coeur Mining, Inc. report in this 8-K filing?
Coeur Mining, Inc. reported "Unregistered Sales of Equity Securities" and "Other Events" in this 8-K filing.
On what date was the earliest event reported in this filing?
The date of the earliest event reported was February 27, 2024.
What is the full name and state of incorporation of the registrant?
The full name of the registrant is Coeur Mining, Inc., and its state of incorporation is Delaware.
What is the business phone number for Coeur Mining, Inc.?
The business phone number for Coeur Mining, Inc. is (312) 489-5800.
Does this filing provide details about the financial impact or volume of the unregistered equity sales?
No, the provided text of this filing does not contain specific details regarding the financial impact or volume of the unregistered equity sales.
Filing Stats: 641 words · 3 min read · ~2 pages · Grade level 8.9 · Accepted 2024-02-27 16:06:07
Key Financial Figures
- $0.01 — 4,725 shares of common stock, par value $0.01 per share, to be issued as "flow-throug
Filing Documents
- ef20022565_8k.htm (8-K) — 31KB
- ef20022565_ex99-1.htm (EX-99.1) — 14KB
- image0.jpg (GRAPHIC) — 3KB
- image00002.jpg (GRAPHIC) — 4KB
- 0001140361-24-009769.txt ( ) — 194KB
- cde-20240227.xsd (EX-101.SCH) — 4KB
- cde-20240227_lab.xml (EX-101.LAB) — 21KB
- cde-20240227_pre.xml (EX-101.PRE) — 16KB
- ef20022565_8k_htm.xml (XML) — 4KB
02
Item 3.02. Unregistered Sales of Equity Securities. Private Placement Offering On February 26, 2024, Coeur Mining, Inc. (the "Company") arranged for a private placement offering (the "Offering") of an aggregate of 7,704,725 shares of common stock, par value $0.01 per share, to be issued as "flow-through shares," as defined in subsection 66(15) of the Income Tax Act (Canada) (the "FT Shares"), pursuant to subscription agreements to be entered into between the Company and certain Canadian accredited investors. No underwriting discounts or commissions are expected to be paid in connection with the Offering. The proceeds of the Offering will be used by the Company for certain qualifying "Canadian Exploration Expenditures" (as such term is defined in the Income Tax Act (Canada)) and the Offering is expected to close on or about March 8, 2024. The FT shares will only be offered and sold outside the United States pursuant to Regulation S and/or Regulation D of the Securities Act of 1933, as amended (the "Securities Act"). The FT Shares will not be registered under the Securities Act or any U.S. state securities laws, and may not be offered or sold in the U.S. or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the Securities Act and applicable U.S. state securities laws.
01
Item 8.01. Other Events. On February 26, 2024 , the Company issued a press release announcing the Offering. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. List of Exhibits Exhibit No. Description 99.1 Press Release, dated February 26, 2024 . 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COEUR MINING, INC. By: /s/ Thomas S. Whelan Name: Thomas S. Whelan Title: Senior Vice President and Chief Financial Officer DATED: February 27 , 2024