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

To: Goose94 who wrote (19535)	7/19/2016 8:19:51 AM
From: Goose94	Read Replies (2) \| Respond to of 202709

TMAC Resources (TMR-T) and Resource Capital Fund VI L.P. July 19, '16 announce today that they have closed the previously announced offering of an aggregate of 3,975,000 common shares from the Company and 1,325,000 common shares from RCF, at a price of $15.10 per Common Share for gross proceeds of approximately $80 million, of which approximately $60 million of the gross proceeds were received by the Company and approximately $20 million of the gross proceeds were received by RCF. In addition, the Underwriters exercised an option, granted by RCF, to purchase an additional 15% of the Offering at the offering price to cover over-allotments for additional gross proceeds to RCF of approximately $12 million. The Offering was completed through a syndicate of underwriters led by BMO Capital Markets and included CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P. and RBC Capital Markets. The net proceeds of the Offering to TMAC will be used to advance development of the Company's Hope Bay gold project, specifically for exploration and development of the BTD Zone at Doris, and for general corporate purposes. TMAC did not receive any proceeds from the Common Shares sold by RCF, including those sold by RCF under the Over-Allotment Option. As part of the Offering, Newmont Mining Corporation ("Newmont") purchased 1,159,000 Common Shares. RCF and Newmont now hold 30.9% and 29.2% respectively, on a non-diluted basis, of the 82,981,932 Common Shares issued and outstanding after giving effect to the Offering and exercise of the Over-Allotment Option. The Common Shares have not been and will not be 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 news 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. SOURCE TMAC Resources Inc. For further information please contact: TMAC Resources Inc. Catharine Farrow Chief Executive Officer 416-628-0216 Ann Wilkinson Vice President, Investor Relations 416-628-0216 www.tmacresources.com Renmark Financial Communications Inc. Daniel Gordon dgordon@renmarkfinancial.com Tel: (416) 644-2020 or (514) 939-3989 www.renmarkfinancial.com