We intend to use the net proceeds from the offering to fund in part our
previously-announced acquisition of 41.1% of the outstanding shares of
common stock of International Mining Machinery Holdings Limited (the
"41.1% Acquisition") and, if the 41.1% Acquisition is completed, a
tender offer to acquire up to 100% of the remaining shares, with any
remaining proceeds used for general corporate purposes. The 41.1%
Acquisition is subject to approval from the
Goldman, Sachs & Co.,
A shelf registration statement was filed with the
This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Certain statements in this press release, other than purely historical
information, including our business plans, projections, objectives and
intentions, including our pending acquisition of International Mining
Machinery Holdings Limited, are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are indicated by terms such as "anticipate,"
"believe," "could," "estimate," "expect," "forecast," "indicate,"
"intend," "may be," "objective," "plan," "potential," "predict,"
"should," "will," "will be," and the like are intended to identify
forward-looking statements. The forward-looking statements in this press
release are based on our current expectations and assumptions and are
subject to risks and uncertainties that may cause actual results to
differ materially from any forward-looking statement. We undertake no
obligation to update forward-looking statements to reflect new
information. We cannot assure you the projected results or events will
be achieved. Because forward-looking statements involve risks and
uncertainties, they are subject to change at any time. Such risks and
uncertainties, many of which are beyond our control, include the risks
discussed in the prospectus supplement relating to the offering
described above, and in other filings that we make with the
Executive Vice President,
Chief Financial Officer and Treasurer
News Provided by Acquire Media