Molycorp Announces Proposed Secondary Offering of 10,000,000 Shares of Common Stock
Molycorp, Inc. (NYSE: MCP), the Western hemisphere′s only producer of
rare earth oxides, today announced that, subject to market conditions,
certain of its selling stockholders intend to offer 10,000,000 shares of
Molycorp′s common stock (the 'Common Stock?) in a registered public
offering. In addition, the selling stockholders intend to grant the
underwriters of the Common Stock an option to purchase an additional
1,500,000 shares of the Common Stock.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC will act as
joint book-running managers for the proposed offering. The offering will
be made only by means of a prospectus. When available, copies of the
preliminary prospectus relating to the offering may be obtained from
Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, Second Floor, New York, NY 10014 (email address: prospectus@morganstanley.com)
or J.P. Morgan Securities LLC; c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New York 11717.
A registration statement relating to the Common Stock has been filed
with the SEC but has not yet become effective. The Common Stock may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute a solicitation of an offer to buy, nor shall there be any
sale of the Common Stock in any state in which such offer, solicitation,
or sale would be unlawful prior to the registration or qualification
under the securities laws of any such state.
Molycorp, Inc.
Jim Sims, 1-303-843-8067
Director of
Public Affairs
Jim.Sims@Molycorp.com
or
Investor
Relations
ICR, LLC
Gary T. Dvorchak, CFA, 1-310-954-1123
Senior
Vice President
Gary.Dvorchak@icrinc.com