BRIEF-Polymet announces US$10 million private placement

Tue Sep 20, 2016 4:54pm EDT
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Sept 20 (Reuters) - Polymet Mining Corp

* Private placement shall be of 13.3 million units at a price of us$0.75 per unit

* Polymet announces US$10 million private placement

* Co intends to use net proceeds primarily to advance its northmet project, for working capital, general corporate purposes

* Underwriter for offering has agreed to purchase 10 million units for US$7.5 million on a bought deal basis Source text for Eikon: Further company coverage: