Rare Earths Americas Announces Launch of Initial Public Offering [Yahoo! Finance]
Stifel Financial Corporation (SF)
Last stifel financial corporation earnings: 7/30 06:00 am
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Source: Yahoo! Finance
portfolio of prospective heavy rare earths focused projects in the United States and in Brazil, announced today the launch of its initial public offering of its common stock. The offering consists of approximately 2.8 million shares of common stock all of which are being offered by REA. In addition, REA intends to grant the underwriters a 30-day option to purchase up to approximately an additional 0.4 million shares of common stock from REA at the public offering price, less underwriting discounts. The initial public offering price is expected to be between $17.00 and $19.00 per share. REA intends to list its common stock on the NYSE American LLC under the ticker symbol "REA." REA intends to use the net proceeds from the offering (i) to fund land acquisition and option payments, drilling, metallurgical test work, permitting and SK-1300 technical report summary preparation at the Shiloh Project; (ii) to fund exploration, evaluation, land consolidation, metallurgy, engineering and p
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