Thompson Creek announces $215,000,000 bought deal financing
Monday May 12, 6:11 pm ET
NYSE: TC TSX: TCM, TCM.WT Frankfurt: A6R
TORONTO, May 12 /PRNewswire-FirstCall/ - Thompson Creek Metals Company Inc. (the "Company") announces that it has entered into an agreement with a syndicate of underwriters which have agreed to purchase, on a bought deal basis, 10,000,000 common shares of the Company at a price of $21.50 per share, for aggregate gross proceeds of approximately $215,000,000.
The Company plans to use the net proceeds from the offering to repay its First Lien term loan and for general corporate purposes including working capital.
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.
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