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Business, Finance, Occupation & Industry

Hecla Mining Company to Offer Senior Notes

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By Business Wirevia The Motley Fool

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Hecla Mining Company to Offer Senior Notes

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) (Hecla or the Company) announced today that it intends to offer, subject to market and other conditions, US$400 million of new Senior Unsecured Notes (the Notes) due 2021. The Notes will be fully and unconditionally guaranteed by certain of the Company’s subsidiaries. The proceeds will be used to partially fund the acquisition of Aurizon Mines Ltd. (the Acquisition) and for general corporate purposes, including expenses related to the Acquisition.

The Company will deposit the proceeds from the Notes into an escrow account until the satisfaction of certain conditions set forth in an escrow agreement, including the consummation of the Acquisition (the Escrow Conditions). If the Escrow Conditions are not satisfied or waived or the escrow agreement related thereto is terminated, the Notes will be subject to a special mandatory redemption. Escrowed funds would be released and applied to pay for any such redemption.

The Notes will be offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the Securities Act).

The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

ABOUT HECLA

Established in 1891, Hecla Mining Company is one of the largest and lowest-cost primary silver producers in the U.S. The company has two operating mines and exploration properties in four world-class silver mining districts in the U.S. and Mexico.

Cautionary Statements

Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, prospects and opportunities including reserves, resources, and mineralization, …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Dealertrack Completes Acquisition of Casey & Casey NPS, Inc.

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By Business Wirevia The Motley Fool

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Dealertrack Completes Acquisition of Casey & Casey NPS, Inc.

LAKE SUCCESS, N.Y.–(BUSINESS WIRE)– Dealertrack Technologies (NAS: TRAK) today announced that the company has completed its acquisition of Casey & Casey NPS, Inc. (d/b/a Auto Title Express), Louisiana’s first electronic public license tag agency, and the largest provider of electronic vehicle registration, lien and title services, among other related services, in the state. The agreement to acquire Casey & Casey was announced on February 25, 2013.

Casey & Casey is now part of Dealertrack’s Lender Solutions Group, a product suite that includes registration and titling, collateral management and digital document solutions. Dealertrack’s registration and titling solutions are being used in states that allow for electronic vehicle registration including California, Connecticut, Georgia, Illinois, Indiana, Maryland, Massachusetts, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia and Wisconsin. Dealertrack also supports cross-state vehicle registration in all 50 states through the use of its web-based RegUSA tool, and is a provider offering the administration and management of electronic liens in each of the current 18 eligible states.

For the full announcement press release from February 25, click here.


About Dealertrack Technologies (
 www.dealertrack.com

Dealertrack Technologies‘ intuitive and high-value web-based software solutions and services enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, third-party retailers, agents and aftermarket providers. In addition to the industry’s largest online credit application network, connecting more than 19,000 dealers with more than 1,200 lenders, Dealertrack Technologies delivers the industry’s most comprehensive solution set for automotive retailers, including Dealer Management System (DMS),Inventory, Sales and F&I, Interactive and Registration and Titling solutions.


Safe Harbor for Forward-Looking and Cautionary Statements

Statements in this press release regarding the benefits of the acquisition of Casey & Casey, including strengthening our electronic processing presence in the Southern U.S. and expanding our relationships with dealers and lenders in the state of Louisiana and all other statements in this release other than the recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Hecla Announces Lucky Friday Mine Released from PPOV Status by Mine Safety and Health Administration

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By Business Wirevia The Motley Fool

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Hecla Announces Lucky Friday Mine Released from PPOV Status by Mine Safety and Health Administration

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) (Hecla or the Company) announced today that the Mine Safety and Health Administration (MSHA) has officially notified the Company that the Lucky Friday Mine will not be issued a potential pattern of violations (PPOV) notification, a possibility the agency had indicated late last year.

“We are pleased that following the rehabilitation of the shaft, training and other work, MSHA has decided that the PPOV is not required. We have worked with MSHA, and are continuing to enhance many aspects of the mine’s operations and safety, including implementation of the National Mining Association’s CORESafety Program,” said Phillips S. Baker, Jr., Hecla’s President and Chief Executive Officer.

The Lucky Friday mine resumed operations in the first quarter of 2013. Production levels are expected to ramp up to normal production levels by mid-year as rehabilitation work continues, and the mine is expected to produce approximately two million ounces of silver for the full year 2013, and approximately three million ounces of silver in 2014.

The Company has recalled the employees necessary to reach full production and arranged for all employees, both returning and new, to receive supplemental safety training, with enhanced procedures for risk assessment and accident prevention designed to improve existing safe work practices. Ground support has been upgraded for over 8.25 miles of underground workings.

ABOUT HECLA

Established in 1891, Hecla Mining Company is one of the largest and lowest-cost primary silver producers in the U.S. The company has two operating mines and exploration properties in four world-class silver mining districts in the U.S. and Mexico.

Cautionary Statements

Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, prospects and opportunities including reserves, resources, and mineralization, costs, and prices or sales performance are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “should”, “expects”, “intends”, “projects”, “believes”, “estimates”, “targets”, “anticipates” and similar expressions are used to identify these forward-looking statements. Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but …read more
Source: FULL ARTICLE at DailyFinance