THOMPSON CREEK COMPLETES OVER-ALLOTMENT OPTION
Toronto, ON, June 27, 2008 - Thompson Creek Metals Company Inc. (the �Company�) (TSX: TCM; NYSE: TC) announces that it has completed the sale of an additional 914,700 common shares of the Company following the exercise of the underwriters� over-allotment option granted by the Company in connection with its previously announced �bought deal� equity financing. The common shares were priced at C$21.50 for gross proceeds of approximately C$19.7 million.
The Company used the net proceeds from the initial portion of the �bought deal� financing, together with cash on hand, to repay in full its First Lien term loan. The net proceeds from the sale of shares due to the exercise of the over-allotment option will be used for working capital purposes.
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 the United States or any state in which such offer, solicitation or sale would be unlawful. The securities 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. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements.
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. More information is available at www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains �forward-looking information� within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation which may include, but is not limited to, statements with respect to the timing and amount of estimated future production. Often, but not always, forward-looking statements can be identified by the use of words such as �plans�, �expects�, �is expected�, �budget�, �scheduled�, �estimates�, �forecasts�, �intends�, �anticipates�, or �believes� or variations (including negative variations) of such words and phrases, or state that certain actions, events or results �may�, �could�, �would�, �might� or �will� be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Thompson Creek and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those factors discussed in the section entitled �Risk Factors� in Thompson Creek�s current annual information form which is available on SEDAR at www.sedar.com and is incorporated in its Annual Report on Form 40-F filed with the United States Securities and Exchange Commission which is available at www.sec.gov. Although Thompson Creek has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made a s of the date of this news release and Thompson Creek does not undertake to update any such forward-looking statements, except in accordance with applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements.
For more information, please contact:
Wayne Cheveldayoff
Director of Investor Relations
Thompson Creek Metals Company Inc.
Tel: 416-860-1438
Toll free: 1-800-827-0992
wcheveldayoff@tcrk.com
Renmark Financial Communications Inc.
Dan Symons : dsymons@renmarkfinancial.com
Jeffrey Szita : jszita@renmarkfinancial.com
Media - Adam Ross: aross@renmarkfinancial.com
Tel. : 514-939-3989
Fax : 514-939-3717
www.renmarkfinancial.com
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Thompson Creek Metals Co Inc.
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PRODUCTEUR |
CODE : TCM.TO |
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Thompson Creek est une société de production minière d'or et de cuivre basée au Canada. Thompson Creek est productrice d'or, de cuivre, de molybdène au Canada, en développement de projets de cuivre, de molybdène et d'or au Canada, et détient divers projets d'exploration au Canada. Ses principaux projets en production sont ENDAKO et THOMPSON CREEK MINE au Canada, ses principaux projets en développement sont DAVIDSON (YORKE-HARDY) et MOUNT MILLIGAN au Canada et ses principaux projets en exploration sont MAZE LAKE, BERG et HOWARDS PASS au Canada. Thompson Creek est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 149,3 millions CA$ (111,4 millions US$, 102,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 juillet 2011 à 9,88 CA$, et son plus bas niveau récent le 22 janvier 2016 à 0,16 CA$. Thompson Creek possède 222 780 000 actions en circulation. |