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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (19238)	6/27/2016 6:06:35 PM
From: Goose94	Read Replies (1) \| Respond to of 202707

TMAC Resources (TMR-T) June 27, '16 and Resource Capital Fund VI L.P. ("RCF" or the "Selling Shareholder"), have announced today that they have entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 3,975,000 common shares from the Company and 1,325,000 common shares from RCF (the "Common Shares"), at a price of $15.10 per Common Share for gross proceeds of approximately $80 million (the "Offering"), of which approximately $60 million of the gross proceeds will be received by the Company and approximately $20 million of the gross proceeds will be received by RCF. RCF has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any (the "Over-Allotment Option"). The Over-Allotment Option, if exercised, will be satisfied through the sale of Common Shares from the Selling Shareholder. The Offering is expected to close on or about July 19, 2016 and is subject to TMAC receiving all necessary regulatory approvals. The net proceeds of the Offering will be used to advance development of the Company's Hope Bay gold project, for exploration and development of the BTD Zone at Doris, and for general corporate purposes. TMAC will not receive any proceeds from the Common Shares sold by the Selling Shareholder or the Over-Allotment Option, if exercised. As part of the Offering, Newmont Mining Corporation ("Newmont") will be purchasing 1,159,000 Common Shares and following completion of the Offering, RCF and Newmont are expected to hold a 31.9% and 29.2% interest of the issued and outstanding common shares, respectively, on a non-diluted basis, before giving effect to the Over-Allotment Option, of the Company. The Common Shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada, except Quebec and may also be offered by way of private placement in the United States. The securities offered have not been registered under the U.S. 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. 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. About TMAC Resources TMAC holds a 100% interest in the Hope Bay Project located in Nunavut, Canada. TMAC is a fully financed, gold development company. During 2015, TMAC significantly de-risked the Hope Bay Project financially by securing equity and debt financing for gross proceeds of over $350 million providing full funding for the Company to achieve its Path to Production plan, beginning with the Doris Mine, by the end of 2016. The Company has a board of directors with depth of experience and market credibility and an exploration and development team with an extensive track record of developing high grade, profitable underground mines. TMAC Resources Inc. Catharine Farrow Chief Executive Officer 416-628-0216 TMAC Resources Inc. Ann Wilkinson Vice President, Investor Relations 416-628-0216 www.tmacresources.com Renmark Financial Communications Inc. Daniel Gordon (416) 644-2020 or (514) 939-3989 dgordon@renmarkfinancial.com www.renmarkfinancial.com