Thompson Creek announces C$217 million bought deal financing


    TORONTO, Aug. 25 /CNW/ - Thompson Creek Metals Company Inc. (TSX: TCM;
NYSE:   TC) (the "Company") announced today that it has entered into an
agreement with a syndicate of underwriters led by UBS Securities Canada Inc.
for a bought deal public offering of 15,500,000 common shares of the Company
(the "Securities") at a price of C$14.00 per common share. The Company has
also granted to the underwriters an over-allotment option, exercisable for a
period of 30 days from the date of closing of the offering, to purchase up to
an additional 2,325,000 Securities at the offering price.
    The gross proceeds of the offering will be approximately C$217 million
(C$250 million if the over-allotment option is exercised in full). The Company
intends to use the net proceeds from the offering for development and
expansion of existing mining assets, exploration activities, acquisitions,
working capital and general corporate purposes.
    The offering is scheduled to close on or about September 16, 2009 and is
subject to certain customary terms and conditions, including normal regulatory
approvals, including the approval of the Toronto Stock Exchange, the New York
Stock Exchange and the securities regulatory authorities.
    The Securities will be offered by way of a short form prospectus to be
filed in all of the provinces of Canada and in the United States on a private
placement basis pursuant to an exemption from the registration requirements of
the United States Securities Act of 1933, as amended, and may also be offered
on a private placement basis in certain jurisdictions outside of Canada and
the United States pursuant to applicable prospectus exemptions.
    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 jurisdiction in which such offer, solicitation or sale would be
unlawful. In Canada, the Securities may not be sold nor may offers to buy be
accepted prior to the time the final prospectus is receipted. The Securities
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 absent
registration or an applicable exemption from the registration requirements.

    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 metallurgical roasting facility
in Langeloth, Pennsylvania and a 75% share of the Endako open-pit mine, mill
and roasting facility in northern British Columbia. Thompson Creek is
evaluating the Mount Emmons Deposit, a high-grade underground molybdenum
deposit near Crested Butte, Colorado. Thompson Creek has an option to acquire
up to 75% of the property. The Company is continuing to pursue permitting of
the Davidson Deposit, a high-grade underground molybdenum deposit near
Smithers, B.C. The Company has approximately 750 employees. Its principal
executive office is in Denver, Colorado, and it has another executive office
in Toronto, Ontario. More information is available at

    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 the Company
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 the Company's current annual information form which
is available on SEDAR at and is incorporated in its Annual
Report on Form 40-F filed with the United States Securities and Exchange
Commission which is available at Although the Company 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
the Company 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:
1-800-827-0992,; Dan Symons, Renmark Financial
Communications Inc., Tel.: (514) 939-3989,

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