PolyMet, Glencore extend terms of debenture funds

Apr 25, 2014 | 01:40 PM | Saranya Kapur

Tags  PolyMet Mining, Glencore AG, Glencore Xstrata, copper, precious metals, nickel, Minnesota project, Saranya Kapur

NEW YORK — PolyMet Mining Corp. has extended the terms of its financing with Glencore AG for $32.2 million in convertible debentures, it said April 25.

Under the terms of the deal, if exercised, Glencore’s holding in St. Paul, Minn.-based PolyMet would rise to 34.9 percent of outstanding common shares upon maturity of....

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