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Comstock Mining Inc Announces Completion of Public Offering of Common Stock


Friday, 15 Mar 2013 03:01pm EDT 

Comstock Mining Inc announced that it has completed its previously announced public offering of 5 million shares of common stock at a price of $2.00 per share. The net proceeds to the Company from the offering were approximately $9.8 million, after deducting agent fees and estimated offering expenses. The Company intends on using the 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. We also intend to use proceeds for expansion of our 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

1.31
-0.05 -3.68%
24 Oct 2014