Take physic, pomp

McEwen Mining (MUX) (MUX.to) files a shelf prospectus to raise $200m

This doesn’t mean MUX is running a U$200m equity raise, it means that it’s done the paperwork so that it can run a financing in the future for up to $200m. Anyway, the filing is here.

PS, fwiw, this opening section from the MUX lawyers’ cover letter makes it clear what they’re filing to offer:

“We are acting as counsel to McEwen Mining Inc., a Colorado corporation (the “Company”), in connection with its registration statement on Form S-3, as amended (the “Registration Statement”), filed with the Securities and Exchange Commission relating to the proposed public offering of up to $200,000,000 in aggregate amount of one or more series of the following securities of the Company: (i) debt securities (the “Debt Securities”); (ii) shares of common stock, no par value per share (the “Common Shares”); (iii) warrants to purchase Debt Securities (“Debt Warrants”); (iv) warrants to purchase Common Shares (“Common Stock Warrants”); (v) units consisting of any of the Company’s other Securities (as defined herein) which units may also include securities of third parties (the “Units”), (vi) subscription rights to purchase Common Shares, Debt Warrants or Common Stock Warrants (“Subscription Rights”); and (vii) subscription receipts that may be exchanged for Debt Securities, Common Shares, Debt Warrants or Common Stock Warrants (“Subscription Receipts” and, together with the Debt Securities, Common Shares, Debt Warrants, Common Stock Warrants and Subscription Rights, the “Securities”), all of which may be sold from time to time and on a delayed or continuous basis, as set forth in the prospectus which forms a part of the Registration Statement, and as to be set forth in one or more supplements to the prospectus.”

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