-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QjGDsiZeQN31l6Ukr5/sdmg984x1e4y0tGldNUaL4h/NKNj5b4Tx/OBkMkvbC2gc nrGInJxpzyRsCKWtNkbnlQ== 0000950134-99-007622.txt : 19990818 0000950134-99-007622.hdr.sgml : 19990818 ACCESSION NUMBER: 0000950134-99-007622 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990817 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUNSHINE MINING & REFINING CO CENTRAL INDEX KEY: 0000833376 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 752231378 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-41641 FILM NUMBER: 99694672 BUSINESS ADDRESS: STREET 1: 877 WEST MAIN STREET STREET 2: SUITE 600 CITY: BOISES STATE: ID ZIP: 83702 BUSINESS PHONE: 2083450660 MAIL ADDRESS: STREET 1: 877 W MAIN STREET SUITE 600 CITY: BOISE STATE: ID ZIP: 83702 FORMER COMPANY: FORMER CONFORMED NAME: SUNSHINE MINING CO /DE DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SUNSHINE HOLDINGS INC DATE OF NAME CHANGE: 19880915 424B3 1 PROSPECTUS SUPPLEMENT NO. 2 1 Prospectus Supplement No. 2 Filed Pursuant to Rule 424(b)(3) to Prospectus dated January 20, 1998 Registration No. 333-41641 SUNSHINE MINING AND REFINING COMPANY This Prospectus Supplement supplements the information contained in the Prospectus of Sunshine Mining and Refining Company (the "Company"), dated January, 20 1998, and the Prospectus Supplement No. 1 dated December 11, 1998 ("Supplement No. 1"). The Prospectus, Supplement No. 1 and this Prospectus Supplement relate to the reoffer and resale by the Selling Stockholders identified in the Prospectus of up to an aggregate of 25,000,000 shares of the Company's Common Stock that are issuable (i) upon the conversion and pursuant to certain payment terms of the Company's $15,000,000 Senior Convertible Promissory Notes (the "Notes") and (ii) upon the exercise of certain warrants (the "Warrants") to purchase Common Stock. The Company has implemented a 1 for 8 reverse stock split (the "Reverse Stock Split"), effective August 6, 1999. The Reverse Stock Split was approved by the Company's stockholders at the annual meeting on June 10, 1997. The terms of the Notes that have been changed due to the Reverse Stock Split are summarized below. The summary includes the terms of the Notes that have been changed as they read before the change and as they read now. The only terms of the Notes that have been changed are to the terms discussed below. SUMMARY OF CHANGE TO NOTES Prior to Change $7.5 million and $7.37 million of the Notes are convertible at any time into shares of Common Stock at a price of $0.4375 and $0.95 per share, respectively, subject to being reset downwards under certain circumstances. Current Provision $7.5 million and $7.37 million of the Notes are convertible at any time into shares of Common Stock at a price of $3.50 and $7.60 per share, respectively, subject to being reset downwards under certain circumstances. On November 4, 1999, the conversion price will be reduced to average of the closing bid price for the 15 trading days immediately preceding, if lower. The date of this Prospectus Supplement is August 17, 1999. -----END PRIVACY-ENHANCED MESSAGE-----