Business
Consolidated Thompson Iron Mines Limited Announces Mailing of Change of Control Offer to Purchase All of Its Outstanding 5% Convertible Unsecured Subordinated Debentures Due 2017
May 12, 2011 (Canada NewsWire Group) -- > MONTREAL, May 12, 2011 /CNW/ -- Consolidated...

About this update from Enduro Metals Corporation
[{"type":"text","content":"\n\n\n May 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n >\n\nMONTREAL, May 12, 2011 /CNW/ -- Consolidated Thompson Iron Mines Limited (TSX: CLM) ("CLM") today announced that, as a result of the completion of the previously announced acquisition (the "Acquisition") of CLM by Cliffs Natural Resources Inc. and pursuant to CLM's obligations under the trust indenture (the "Indenture") dated as of November 29, 2010, as amended, between CLM and Equity Financial Trust Company (the "Trustee"), CLM has delivered to the Trustee an offer (the "Offer to Purchase") to purchase all of its outstanding 5% convertible unsecured subordinated debentures due November 30, 2017 (the "Convertible Debentures") at a price per US$1,000 principal amount of Convertible Debentures of US$1,000 plus accrued and unpaid interest.\n\nThe Offer to Purchase is expected to be mailed today to the registered holders of Convertible Debentures in compliance with CLM's obligations under the Indenture as described above. The completion of the Acquisition constitutes a "Cash Change of Control" under the Indenture, as a result of which each holder of Convertible Debentures may, until the close of business on the 30th day after the date on which the Offer to Purchase is mailed, convert its Convertible Debentures at a reduced conversion price of US$11.9810, which would result in a cash payment per US$1,000 principal amount of Convertible Debentures...