HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: How Much of this money is headed our way?
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How Much of this money is headed our way?

posted on May 20, 2009 05:47AM




CLEVELAND – May 19, 2009 – Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that it has closed on its previously announced common share offering. The total number of shares sold was 17,250,000, comprised of the 15 million share offering and the exercise of the underwriters’ option to purchase an additional 2.25 million common shares. Net proceeds at a price of $21.00 per share are approximately $347 million, which will be used for general corporate purposes, which may include, among other things, funding certain capital expenditures, repayment of indebtedness or strategic transactions.



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