THOMPSON CREEK ANNOUNCES C$217 MILLION BOUGHT DEAL FINANCING
Thompson Creek Metals Company Inc. has entered into an agreement with a syndicate of underwriters led by UBS Securities Canada Inc. for a bought-deal public offering of 15,500,000 common shares of the Company 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 from 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.
The Securities will be offered by way of a short form prospectus to be filed in all of the provinces of Canada and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and may also be offered on a private placement basis in certain jurisdictions outside of Canada and the United States pursuant to applicable prospectus exemptions.
We seek Safe Harbor.
2009-08-05 12:13 ET - News Release
Ms. Natalie Frame reports
MOLY MINES MARKET UPDATE
Moly Mines Ltd. is responding to the recent share price and trading volume increases on the Toronto Stock Exchange. The company is unaware of any reason for the increased trading activity and assumes that the current market increase results from the rising global price for molybdenum.
Do TCM may want to buy Moly Mines ??
MOL Price at posting:
$1.28 Sentiment: Buy Disclosure: Not Held
