DENVER, Oct. 3, 2018 /CNW/ - RCF VI CAD LLC ("RCF VI CAD") reports that, on October 3, 2018, it acquired control of 6,696,800 common shares (each, a "TMAC Share") of TMAC Resources Inc. ("TMAC") through its limited partners (or certain affiliates thereof) (the "Limited Partners") pursuant to a private placement of 15,623,250 TMAC Shares (the "Private Placement") undertaken by TMAC in connection with a public offering of 4,814,200 TMAC Shares (the "Public Offering" and, together with the Private Placement, the "Offering"). Newmont Mining Corporation subscribed for 5,860,833 TMAC Shares pursuant to the Private Placement and BlackRock Investment Management UK Limited subscribed for 3,065,617 TMAC Shares pursuant to the Private Placement.
The aggregate purchase price of the TMAC Shares acquired by the Limited Partners was $28,461,400 ($4.25/TMAC Share). In connection with the Private Placement, RCF VI CAD entered into a shareholder and voting agreement (the "Shareholder and Voting Agreement") with the Limited Partners and TMAC, which agreement gives RCF VI CAD control over the TMAC Shares acquired by such Limited Partners, namely the 1,217,600 TMAC Shares subscribed for under the Private Placement by PCT Partners L.L.C., the 444,363 TMAC Shares subscribed for under the Private Placement by Glenmede Private Investment Fund VIII-B, L.L.C., the 468,837 TMAC Shares subscribed for under the Private Placement by Glenmede Private Investment Fund VIII, L.L.C., the 1,522,000 TMAC Shares subscribed for under the Private Placement by Private Advisors Real Assets Fund II, LP and the 3,044,000 TMAC Shares subscribed for under the Private Placement by William Marsh Rice University (such TMAC Shares representing approximately 2.36% of the currently issued and outstanding TMAC Shares).
Prior to the acquisition of the TMAC Shares pursuant to the Private Placement, RCF VI CAD owned and controlled a total of 27,959,260 TMAC Shares, representing approximately 30.39% of the then issued and outstanding TMAC Shares (prior to giving effect to the Offering). Immediately following the Private Placement, RCF VI CAD owned and controlled 27,959,260 TMAC Shares, representing approximately 28.46% of the currently issued and outstanding TMAC Shares (after giving effect to the Offering), and exercised control over 34,656,060 TMAC Shares (including those TMAC Shares owned and controlled by RCF VI CAD), representing approximately 30.82% of the currently issued and outstanding TMAC Shares (after giving effect to the Offering).
RCF VI CAD and the Limited Partners acquired the TMAC Shares issued to the Limited Partners pursuant to the Private Placement for investment purposes. RCF VI CAD and/or the Limited Partners, subject to the rights and obligations set out in the Shareholder and Voting Agreement, may, from time to time, acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold securities of TMAC.
TMAC's office is located at Suite 1010, 95 Wellington Street West, Toronto, Ontario, M5J 2N7.
To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see TMAC's profile on the SEDAR website www.sedar.com.
About RCF VI CAD LLC
RCF VI CAD LLC is a private investment fund existing under the laws of the State of Delaware.
For further information and to obtain a copy of the early warning report, please contact: RCF VI CAD LLC, 1400 Sixteenth Street, Suite 200, Denver, CO, 80202
SOURCE RCF VI CAD LLC
For further information: Telephone: (720) 946-1444, Attn: Molly Campbell