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Comstock Mining Inc Announces Pricing of Public Offering of Common Stock


Wednesday, 13 Mar 2013 08:00am EDT 

Comstock Mining Inc announced that it has priced a public offering of five million shares of common stock at a price of $2.00 per share. The offering is expected to close on March 15, 2013. The net proceeds to the Company from the offering will be approximately $9.8 million, after deducting agent fees and estimated offering expenses. It intend to use the net proceeds from this offering to accelerate prerequisite environmental studies, engineering and permitting for growing production through the commercial development and expansion of both the Lucerne and Dayton Mine plans. It also intend to use the net proceeds for expansion of the processing facilities associated with this growth and plans for higher production rates in 2013, potentially up to 1.5 million tons per annum. 

Company Quote

1.281
-0.0090 -0.70%
3:58pm EDT