NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
DENVER, CO, March 27 /CNW Telbec/ - Constellation Copper Corporation (the
"Corporation" or "Constellation") (TSX: CCU) is pleased to announce that the
syndicate of underwriters led by TD Securities Inc., and including Sprott
Securities Inc., GMP Securities L.P. and Wellington West Capital Markets Inc.
has exercised its 15% over-allotment option for Constellation's previously
announced public offering of C$60 million aggregate principal amount of
convertible senior unsecured debentures due March 31, 2012 (the "Debentures"),
for additional gross proceeds of C$9 million. The Debentures bear interest at
a rate of 5.5% per annum payable semi-annually and will be convertible at the
option of the holder into common shares of the Corporation at a conversion
rate of 537.6344 common shares per C$1000 principal amount of Debentures,
which is equal to a conversion price of C$1.86 per common share.
The Debentures are listed for trading on the Toronto Stock Exchange under
the symbol CCU.DB.
This press release is not an offer of the securities for sale in the
United States. The securities being offered have not been registered under the
United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States or to, or for the account or benefit of, U.S.
persons absent registration or an applicable exemption from registration
requirements. Any public offering of the securities to be made in the United
States will be made by means of a prospectus that may be obtained from
Constellation Copper Corporation or TD Securities Inc. and that will contain
detailed information about Constellation Copper Corporation and its
management, as well as financial statements. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.
For further information:
For further information: please contact: Constellation Copper
Corporation, Gregory A. Hahn, President & CEO; Michelle Hebert,
Manager-Corporate Affairs, (720) 228-0055, Toll Free: 1-877-370-5400, Fax:
(303) 863-1736, email@example.com, www.constellationcopper.com;
Renmark Financial Communications Inc.: Neil Murray-Lyon,
firstname.lastname@example.org; Barbara Komorowski,
email@example.com; Media - Lynda Martineau,
firstname.lastname@example.org; (514) 939-3989, Fax: (514) 939-3717,