COEUR D’ALENE, Idaho--(BUSINESS WIRE)--
Hecla Mining Company (“Hecla”) (NYSE:HL)
today announced its offer to exchange new registered notes for its
outstanding unregistered notes in accordance with the terms of its
registration rights agreement with existing holders of those notes.
Under the exchange offer, Hecla is offering to exchange (the “Exchange
Offer”) up to $500,000,000 aggregate principal amount of its new 6.875%
Senior Notes due 2021 for a like principal amount of its outstanding
6.875% Senior Notes due 2021 (the “Exchange Notes”).
The Exchange Offer will expire at 5:00 p.m., Eastern Time, on January 3,
2014, unless extended (such date and time, as may be extended, the
“Expiration Date”). The settlement date for the Exchange Offer will
occur promptly following the Expiration Date. The Exchange Offer is made
only pursuant to Hecla’s prospectus dated December 4, 2013, which has
been filed with the Securities and Exchange Commission. Hecla has not
authorized any person to provide information other than as set forth in
the prospectus.
Additional Information
Copies of the prospectus and transmittal materials governing the
Exchange Offer can be obtained from the exchange agent, The Bank of New
York Mellon, by faxing a request to (732) 667-9408 or by writing via
registered and certified mail, overnight courier, regular mail or hand
delivery to The Bank of New York Mellon, c/o The Bank of New York Mellon
Corporation, Corporate Trust Operations – Reorganization Unit, 111
Sanders Creek Parkway, East Syracuse, NY 13057, Attn: Christopher
Landers.
This press release is for informational purposes only and is neither an
offer to exchange, nor a solicitation of an offer to sell, the Exchange
Notes. The Exchange Offer is made solely pursuant to the prospectus
dated December 4, 2013, including any supplements thereto. The Exchange
Offer is not being made to holders in any jurisdiction in which the
making or acceptance thereof would not be in compliance with the
securities, blue sky, or other laws of such jurisdiction.
About Hecla
Hecla Mining Company (NYSE:HL)
is a leading low-cost U.S. silver producer with operating mines in
Alaska and Idaho, and is a growing gold producer with an operating mine
in Quebec, Canada. The Company also has exploration and pre-development
properties in five world-class silver and gold mining districts in the
U.S., Canada, and Mexico, and an exploration office and investments in
early-stage silver exploration projects in Canada.
Cautionary Note Regarding Forward-Looking Statements
Statements made or information provided in this news release that are
not historical facts, such as anticipated payments, litigation outcome
(including settlement negotiations), production, sales of assets,
exploration results and plans, costs, and prices or sales performance
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of Canadian securities laws. Words such
as “may”, “will”, “should”, “expects”, “intends”, “projects”,
“believes”, “estimates”, “targets”, “anticipates” and similar
expressions are used to identify these forward-looking statements.
Forward-looking statements involve a number of risks and uncertainties
that could cause actual results to differ materially from those
projected, anticipated, expected or implied. These risks and
uncertainties include, but are not limited to, metals price volatility,
volatility of metals production and costs, litigation, regulatory and
environmental risks, operating risks, project development risks,
political risks, labor issues, ability to raise financing and
exploration risks and results. Refer to the company's Form 10-K and 10-Q
reports for a more detailed discussion of factors that may impact
expected future results. The company undertakes no obligation and has no
intention of updating forward-looking statements other than as may be
required by law.
Offering Restrictions
This release does not constitute an invitation to participate in the
Exchange Offer in any jurisdiction in which, or to any person to or from
which, it is unlawful to make such invitation or for there to be such
participation under applicable securities laws. The distribution of this
release in certain jurisdictions may be restricted by law. Persons into
whose possession this release or the prospectus come are required to
inform themselves about, and to observe, any such restrictions.
Hecla Mining Company
Jeanne DuPont, 1-800-HECLA91 (1-800-432-5291)
Corporate
Communications Coordinator
Investor and Public Relations
hmc-info@hecla-mining.com
Source: Hecla Mining Company