Business
Mercer International Inc. Announces Commencement of Public Offering of Common Shares
Mercer International Inc. Announces Commencement of Public Offering of Common Shares.
About this update from Mercado Minerals Ltd.
[{"type":"text","content":"\n\n\n\n\nNEW YORK, May 22 /CNW/ -- Mercer International Inc.\n(\"Mercer\" or the \"Company\") (Nasdaq: MERC; TSX: MRI.U) today announced that it\nhas commenced a public offering of its shares of common stock. The Company\nplans to offer approximately 9,000,000 of its shares of common stock\n(approximately 10,350,000 shares if the underwriters exercise their over-\nallotment option in full). The offering will be made under the Company's\nshelf registration statement filed with the Securities and Exchange Commission\nand dated December 23, 2004.\nThe net proceeds from the offering will be used to increase the Company's\nequity capital and liquidity. Such proceeds may be utilized to retire debt\nand for general corporate purposes, including working capital and incremental\nprojects to improve the performance of the Company's pulp mills that may arise\nfrom time to time.\nRaymond James and RBC Capital Markets will be lead managers for the\noffering of the shares of common stock, with UBS Investment Bank serving as\nco-manager. The offering of the shares may only be made by means of a\nprospectus. A copy of the preliminary prospectus supplement and accompanying\nprospectus relating to the offering of the shares can be obtained from Raymond\nJames at 880 Carillon Parkway, St. Petersburgh, Florida, 33716 or RBC Capital\nMarkets at One Liberty Plaza, New York, New York 10006.\n\nMercer\nMercer International Inc. is a global pulp and paper manufacturing company\nand operates three modern NBSK pulp mills in Germany and Canada with a\nconsolidated annual production capacity of approximately 1.3 million tonnes.\nThis release does not constitute an offer of any securities for sale. Any\nsecurities that may be offered in an unregistered offering will not be\nregistered under the Securities Act of 1993 and may not be offered or sold in\nthe United States absent registration or an applicable exemption from\nregistration requirements.\nThe preceding includes forward looking statements which involve known and\nunknown risks and uncertainties which may cause the Company's actual results\nin future periods to differ materially from forecasted results. Among those\nfactors which could cause actual results to differ materially are the\nfollowing: market conditions, competition and the other risk factors listed\nfrom time to time in the Company's SEC...