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[yielddude]

Hochschild Mining: To Raise $250M Via Placing, Conv BondsLast update: 10/7/2009 10:02:43 AMLONDON (Dow Jones)--Hochschild Mining Plc (HOC.LN), a mining company, announced Wednesday its intention to place up to 30.735 million new ordinary shares of 25 pence to raise $150 million and to raise $100 million through an offering of senior unsecured Convertible Bonds due 2014. MAIN FACTS: -Expected combined gross proceeds of up to $250 million will provide Hochschild with the financial resources to: -(i)Pursue further acquisition opportunities in key mining districts -(ii)Allow further investments in Lake Shore Gold and Gold Resource Corporation -(iii)Fund value-added investment in existing operations and exploration projects -(iv)Pre-pay $85 million of the Company's $200 million syndicated loan facility