Thompson Creek announces C$217 million bought deal
8/25/2009 4:29 PM - PR Newswire
TORONTO, Aug 25, 2009 /PRNewswire-FirstCall via COMTEX News Network/ --
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.