BRIEF-PolyMet and Glencore agree to extend debentures

Nov 12 (Reuters) - PolyMet Mining Corp: * Polymet and Glencore agree to extend debentures, cancel existing warrants and issue new warrants * Maturity date of the tranche a-d debentures has been extended from September 30, 2011 to September 30, 2012 * Says issued debentures continue to be exchangeable into common shares of PolyMet at US$4.00 per share * Cancellation of warrants to buy 6.25 million common shares of co at $3 until September 30, 2011 issued to glencore * Issuance of warrants to purchase 3 million common shares of PolyMet at US$2.00 until December 31, 2015 issued to Glencore ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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