Molybdenum mining company General Moly said on Friday that the company has filed a new USD500m universal registration statement.

 

This replaces a previous registration statement set to expire at the end of May 2011.

 

Chief financial officer David A. Chaput said that the company has no immediate plans to access the capital markets, but maintaining an effective shelf registration statement provides some additional future flexibility and registers the resale of shares anticipated to be issued through the stock purchase agreement with Hanlong (USA) Mining Investment Inc and through outstanding warrant exercises.

 

The new registration statement covers the resale from time to time of 43,102,408 shares of common stock, including 8,256,699 outstanding shares currently owned by ArcelorMittal, a total of 7,075,709 shares issuable pursuant to outstanding warrants and approximately 27,770,000 shares issuable under the stock purchase agreement with Hanlong.