PolyMet Reminder to Shareholders Rights Offering Closes at 5:00 pm Eastern Time on July 3, 2013
June 27 2013 - 8:06AM
Marketwired
PolyMet Mining Corp. (TSX:POM)(TSX:POM.RT)(NYSE MKT:PLM)(NYSE
MKT:PLM.RT) ("PolyMet" or the "Company") would like to provide a
friendly reminder to its shareholders that its previously announced
Rights Offering will remain open until 5:00 p.m. (Eastern time) on
Wednesday July 3, 2013. Rights holders will need to exercise their
subscription rights prior to that time and date.
Rights holders can subscribe for one new common share of PolyMet
for US$0.66 per share for every two Rights held.
Rights will cease trading on the NYSE MKT: PLM.RT at the close
of trading on Tuesday, July 2, 2013 and on the TSX: POM.RT at 12:00
noon (Eastern time) on Wednesday July 3, 2013. Please note that
Canadian banks and markets will be closed on Monday July 1, 2013
for Canada Day.
All questions should be directed to Stephanie Hunter, PolyMet's
Corporate Secretary, at:
Tel: +1 (416) 915-4149
Fax: +1 (416) 915-4189
Email: shunter@polymetmining.com
Copies of the Rights Offering materials may be obtained from the
Company by calling +1 (651) 389-4100 or Computershare Investor
Services Inc., the subscription agent for the Company, at +1 (800)
564-6253.
Rights have been offered to shareholders under a prospectus
filed with the applicable securities regulators of Ontario, British
Columbia, Alberta, and in the United States. Please contact PolyMet
or the subscription agent if you have any questions regarding the
Rights Offering or require assistance in exercising your Rights.
For further information on the Rights Offering, please refer to:
http://www.polymetmining.com/investors/investor-faq/.
About PolyMet
PolyMet Mining Corp. (www.polymetmining.com) is a
publicly-traded mine development company that owns 100% of Poly Met
Mining, Inc., a Minnesota corporation that controls 100% of the
NorthMet copper-nickel-precious metals ore body through a long-term
lease and owns 100% of the Erie Plant, a large processing facility
located approximately six miles from the ore body in the
established mining district of the Mesabi Range in northeastern
Minnesota. Poly Met Mining, Inc. has completed its Definitive
Feasibility Study and is seeking environmental and operating
permits to enable it to commence production. The NorthMet project
is expected to require approximately two million hours of
construction labor, creating approximately 360 long-term jobs, a
level of activity that will have a significant multiplier effect in
the local economy.
POLYMET MINING CORP.
Jon Cherry, CEO
This news release contains certain forward-looking statements
concerning anticipated developments in PolyMet's operations in the
future. Forward-looking statements are frequently, but not always,
identified by words such as "expects," "anticipates," "believes,"
"intends," "estimates," "potential," "possible," "projects,"
"plans," and similar expressions, or statements that events,
conditions or results "will," "may," "could," or "should" occur or
be achieved or their negatives or other comparable words. These
forward-looking statements may include statements regarding our
beliefs related to the closing of the Rights Offering, the ability
to receive environmental and operating permits, job creation, or
other statements that are not a statement of fact. Forward-looking
statements address future events and conditions and therefore
involve inherent known and unknown risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements due to risks facing PolyMet or due to actual facts
differing from the assumptions underlying its predictions.
PolyMet's forward-looking statements are based on the beliefs,
expectations and opinions of management on the date the statements
are made, and PolyMet does not assume any obligation to update
forward-looking statements if circumstances or management's
beliefs, expectations and opinions should change.
Specific reference is made to PolyMet's most recent Annual
Report on Form 20-F for the fiscal year ended January 31, 2013 and
in our other filings with Canadian securities authorities and the
U.S. Securities and Exchange Commission, including our Report on
Form 6-K providing information with respect to our operations for
the three months ended April 30, 2013 for a discussion of some of
the risk factors and other considerations underlying
forward-looking statements.
The TSX has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
PolyMet has filed a registration statement (including a
prospectus) with the U.S. Securities and Exchange Commission, for
the offering to which this communication relates. Before investing,
prospective investors should read the prospectus in that
registration statement and other documents the issuer has filed
with the U.S. Securities and Exchange Commission, for more complete
information about PolyMet and this offering. The documents are
available free of charge by visiting EDGAR on the U.S. Securities
and Exchange Commission website at www.sec.gov. Alternatively,
PolyMet will arrange to send you the prospectus if you request it
by calling 1-416 915-4149.
Contacts: PolyMet Mining Corp. - Corporate Douglas Newby Chief
Financial Officer +1 (651) 389-4105dnewby@polymetmining.com PolyMet
Mining Corp. - Media LaTisha Gietzen VP - Public, Gov't &
Environmental Affairs +1 (218) 471-2150lgietzen@polymetmining.com
PolyMet Mining Corp. - Investor Relations Jenny Knudson VP -
Investor Relations +1 (651) 389-4110jknudson@polymetmining.com
www.polymetmining.com MZ North America Pascal Nigen Senior
Vice-President +1 (212) 301-7149pnigen@mzgroup.us
www.mzgroup.us
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