Thompson Creek announces C$217 million bought deal financing
August 25 2009 - 3:29PM
PR Newswire (US)
TORONTO, Aug. 25 /PRNewswire-FirstCall/ -- 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 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 of 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. 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 these Securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful. 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. 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
http://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 http://www.sec.gov/. 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. DATASOURCE: Thompson Creek Metals
Company Inc. CONTACT: 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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