CDE CRUSHED SHAREHOLDERS WITH THIS FILING:
These financeers SHORT stock they dont even really own , I call it "shorting on the come" they know they will have the shares to cover sooner or later due the financing deal, so they short like mad with shares they dont even have,,... makes me ill....
Form 8-K for COEUR D ALENE MINES CORP
12-Jan-2009
Entry into a Material Definitive Agreement, Financial Statements and Exh
Item 1.01 Entry into a Material Definitive Agreement
On January 12, 2009, Coeur d'Alene Mines Corporation (the "Company") entered into an Agreement and Consent (the "Exercise Agreement") with JMB Capital Partners Master Fund, L.P. ("JMB") and Lonestar Partners LP ("Lonestar" and, with JMB, the "Holders"). As of the date of the Exercise Agreement, the Holders collectively held all of the Company's outstanding Senior Secured Floating Rate Convertible Notes due 2012 (the "Notes") and all of the Company's outstanding warrants (the "Warrants") for the purchase of up to $25,000,000 aggregate principal amount of the Notes.
Pursuant to the Exercise Agreement, the Warrants will be exercisable beginning January 13, 2009 and the Holders agree to exercise the Warrants between such date and January 29, 2009. The Exercise Agreement also allows the Holders to exercise the Warrants regardless of whether they have held or currently hold an open short position in the Company's common stock.
The Company and the Holders also agreed to amend the Notes and execute an amendment (the "Amendment") to the First Supplemental Indenture and Security Agreement, dated October 20, 2008, among the Company, Coeur Rochester, Inc., as grantor, and The Bank of New York Mellon, as trustee and collateral agent, pursuant to which the interest rate on the Notes will remain fixed at its current rate of 12.0% until July 15, 2009.
Copies of the Exercise Agreement and the Amendment are filed as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K and are incorporated into this Item 1.01 by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits:
Exhibit Number Description of Exhibit
4.1 Agreement and Consent, dated as of January 12, 2009, by and among
the Company, JMB Capital Partners Master Fund, L.P. and Lonestar
Partners LP.
4.2 Amendment No. 2, dated as of January 12, 2009, between the Company
and The Bank of New York Mellon, as trustee, to the First
Supplemental Indenture and Security Agreement, dated as of October
20, 2008, among the Company, Coeur Rochester, Inc., as grantor, and
The Bank of New York Mellon, as trustee and collateral agent.
