Seeking Alpha

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.
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Comments (3)
  • SivBum
    , contributor
    Comments (1819) | Send Message
     
    MCP is off 7% not +7%!!
    16 Oct 2013, 09:21 AM Reply Like
  • william12
    , contributor
    Comments (31) | Send Message
     
    there are no trades in FONR at this point. What are you talking about? Crazy!
    16 Oct 2013, 09:24 AM Reply Like
  • RhodeNav
    , contributor
    Comments (41) | Send Message
     
    MCP -6%, not up
    16 Oct 2013, 09:28 AM Reply Like
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