TSX: TCM, TCM.WT
TORONTO, June 27 /CNW/ - Thompson Creek Metals Company Inc. (the
"Company") announces that it has completed the sale of an additional 914,700
common shares of the Company following the exercise of the underwriters'
over-allotment option granted by the Company in connection with its previously
announced "bought deal" equity financing. The common shares were priced at
C$21.50 for gross proceeds of approximately C$19.7 million.
The Company used the net proceeds from the initial portion of the "bought
deal" financing, together with cash on hand, to repay in full its First Lien
term loan. The net proceeds from the sale of shares due to the exercise of the
over-allotment option will be used for working capital purposes.
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 further information:
For further information: Wayne Cheveldayoff, Director of Investor
Relations, Thompson Creek Metals Company Inc., Tel: (416) 860-1438, Toll free: