COEUR D'ALENE, Idaho (AP) — Coeur d'Alene Mines Corp. raised $10 million through the sale of common stock to an institutional investor.

In a transaction announced late last month, the investor purchased more than 8 million shares for $1.23 each. The money from the sale will be used for general corporate purposes, which could include payments on debt, company officials said.

The purchaser also has an option, exercisable in 30 days, to buy an additional 1.2 million shares, according to company officials.

Join the Conversation
Looking for comments?
Find comments in their new home! Click the buttons at the top or within the article to view them — or use the button below for quick access.