09:36 AM EST - Inmet Mining Corp. : has amended the terms of its previously announced $300-million equity bought deal. Under an amended agreement with a syndicate of underwriters led by Credit Suisse Securities (Canada), Inc. and CIBC World Markets Inc., the Underwriters have agreed to purchase 7.83 million common shares of the Corporation on a bought deal basis, at a price of $44.50 per Share for aggregate gross proceeds of about $348 million, with an over-allotment option, exercisable until 30 days after the closing of the offering, enabling them to purchase up to an additional 15% of the number of Shares sold pursuant to the offering at a price of $44.50 per Share. The offering is scheduled to close on or about June 25, 2009. The company said that the net proceeds of the offering will be used primarily for the repayment of all indebtedness owed by Cobre Las Cruces S.A. under its project financing facility for the Las Cruces mine and general corporate purposes. Inmet Mining Corp.
shares T.IMN are trading even at $48.54.
