/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE
MONTREAL, June 18, 2014 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP), the
leading producer of specialty metal and chemical products, today
completed its previously-announced bought-deal offering, under a short
form prospectus, of convertible unsecured subordinated debentures in an
aggregate principal amount of $60 million. The debentures were offered
at a price of $1,000 per debenture in each of the provinces of Canada.
For the short term, 5N Plus will use the net proceeds of the offering
to reduce indebtedness under its senior revolving credit facility.
The debentures bear interest at a rate of 5.75% per annum, payable
semi-annually on June 30 and December 31 each year, commencing on
December 31, 2014. The debentures are convertible at the holder's
option into 5N Plus common shares at a conversion price of $6.75 per
share, representing a conversion rate of 148.1481 5N Plus shares per
$1,000 principal amount of debentures. The debentures will mature on
June 30, 2019 and may be redeemed by 5N Plus, in certain circumstances,
after June 30, 2017.
5N Plus has granted an over-allotment option to the underwriters of the
offering, entitling them to purchase, for a period of 30 days from
today, up to $6.0 million principal amount of additional debentures at
the offering price of $1,000 per debenture, to cover over-allotments,
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction. The
debentures being offered, and the common shares issuable upon the
conversion or redemption of the debentures, have not been and will not
be registered under the U.S. Securities Act of 1933 or state securities
laws. Accordingly, the debentures may not be offered or sold to U.S.
persons except pursuant to applicable exemptions from registration.
About 5N Plus Inc.
5N Plus is the leading producer of specialty metal and chemical
products. Fully integrated with closed-loop recycling facilities, the
Company is headquartered in Montreal, Québec, Canada and operates
manufacturing facilities and sales offices in several locations in
Europe, the Americas and Asia. 5N Plus deploys a range of proprietary
and proven technologies to produce products which are used in a number
of advanced pharmaceutical, electronic and industrial applications.
Typical products include purified metals such as bismuth, gallium,
germanium, indium, selenium and tellurium, inorganic chemicals based on
such metals and compound semiconductor wafers. Many of these are
critical precursors and key enablers in markets such as solar,
light-emitting diodes and eco-friendly materials.
Forward-Looking Statements and Disclaimer
This press release may contain forward-looking information within the
meaning of applicable securities laws. All information and statements
other than statements of historical facts contained in this press
release are forward-looking information. Such statements and
information may be identified by words such as "about",
"approximately", "may", "believes", "expects", "will", "intends",
"should", "plans", "predicts", "potential", "projects", "anticipates",
"estimates", "continues" or similar words or the negative thereof or
other comparable terminology. Forward-looking statements are based on
the best estimates available to 5N Plus at this time and involve known
and unknown risks, uncertainties and other factors that may cause 5N
Plus' actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. A description
of the risks affecting 5N Plus' business and activities appears under
the heading "Risk and Uncertainties" of 5N Plus' 2013 MD&A dated
February 25, 2014 and note 11 of the unaudited interim condensed
consolidated financial statements for the three-month periods ended
March 31, 2014 and 2013 available on SEDAR at www.sedar.com. No
assurance can be given that any events anticipated by the
forward-looking information in this press release will transpire or
occur, or if any of them do so, what benefits that 5N Plus will derive
therefrom. In particular, no assurance can be given as to the future
financial performance of 5N Plus. The forward-looking information
contained in this press release is made as of the date hereof and 5N
Plus undertakes no obligation to publicly update such forward-looking
information to reflect new information, subsequent or otherwise, unless
required by applicable securities laws. The reader is warned against
placing undue reliance on these forward-looking statements.
Additional information about 5N Plus is available on its Web site at www.5nplus.com
SOURCE: 5N Plus Inc.
For further information:
Vice President, Legal Affairs and Corporate Secretary
5N Plus Inc.
(514) 856-0644 x6178