TSX: TCM, TCM.WT
TORONTO, June 5 /CNW/ - Thompson Creek Metals Company Inc. (the
"Company") announces that it has closed its previously announced "bought deal"
equity financing for aggregate gross proceeds of C$215,000,000. A syndicate of
underwriters, co-led by GMP Securities L.P. and UBS Securities Canada Inc.,
and including Scotia Capital Inc., Cormark Securities Inc., Desjardins
Securities Inc., Macquarie Capital Markets Canada Ltd., Blackmont Capital
Inc., Paradigm Capital Inc. and Versant Partners Inc. (collectively, the
"Underwriters"), purchased 10,000,000 common shares of the Company at a price
of C$21.50 per share. The Underwriters have an option, exercisable in whole or
in part at any time up to 30 days after the closing of the offering, to
purchase up to an additional 1,000,000 common shares. In the event that the
option is exercised in its entirety, the additional proceeds would be
The Company plans to use the net proceeds from the offering, together
with cash on hand, to repay in full its First Lien term loan.
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 the United States or any state in which such offer, solicitation or sale
would be unlawful. The securities have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements. Any public offering of securities to be made in the
United States will be made by means of a prospectus that may be obtained from
the issuer and that will contain detailed information about the company and
management, as well as financial statements.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is one of the largest publicly traded,
pure molybdenum producers in the world. The Company owns the Thompson Creek
open-pit molybdenum mine and mill in Idaho, a 75% share of the Endako open-pit
mine, mill and roasting facility in northern British Columbia, and a
metallurgical roasting facility in Langeloth, Pennsylvania. Thompson Creek is
also developing the Davidson Deposit, a high-grade underground molybdenum
project near Smithers, B.C. The Company has approximately 800 employees. Its
principal executive office is in Denver, Colorado, and it has other executive
offices in Toronto, Ontario and Vancouver, British Columbia. More information
is available at www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking information" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities legislation which may include, but is not
limited to, statements with respect to the timing and amount of estimated
future production. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or
"believes" or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Thompson
Creek and/or its subsidiaries to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include those factors discussed in
the section entitled "Risk Factors" in Thompson Creek's current annual
information form which is available on SEDAR at www.sedar.com and is
incorporated in its Annual Report on Form 40-F filed with the United States
Securities and Exchange Commission which is available at www.sec.gov. Although
Thompson Creek has attempted to identify important factors that could cause
actual actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause actions,
events or results to differ from those anticipated, estimated or intended.
Forward-looking statements contained herein are made as of the date of this
news release and Thompson Creek does not undertake to update any such
forward-looking statements, except in accordance with applicable securities
laws. There can be no assurance that forward-looking statements will prove to
be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers are cautioned not
to place undue reliance on forward-looking statements.
For more information, please contact:
Director of Investor Relations
Thompson Creek Metals Company Inc.
Toll free: 1-800-827-0992
For further information:
For further information: Wayne Cheveldayoff, Director of Investor
Relations, Thompson Creek Metals Company Inc., Tel: (416) 860-1438, Toll free: