real-time news and commentary for investors
Wednesday, Oct 16
Molycorp boosts offering to 45M shares, priced at $5 each
- Molycorp (MCP) says its increased offering of 45M shares priced at $5/share, a 10% discount to yesterday’s close, raising $225M.
- MCP had outlined plans to offer $200M in stock to fund spending at its Mountain Pass, Calif., facility under construction.
- Shares -3.4% premarket, after yesterday's 21% drubbing.