VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 6, 2011) -
NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES OR OVER ANY UNITED STATES WIRE SERVICE
Quadra FNX Mining Ltd. ("the Company" or "Quadra FNX") (News - Market indicators) announced its intention to commence, subject to market and other conditions, an offering of US$500,000,000 aggregate principal amount of senior notes. The Company intends to use the proceeds of the offering of the notes, together with cash on hand, to fund its capital expenditure requirements in connection with its Sierra Gorda project in Chile.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase the notes or any other securities in the United States or any other jurisdiction. The notes have not and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any other jurisdiction and may only be offered and sold in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act. In addition, the notes may only be offered and sold in Canada pursuant to an exemption from the prospectus requirements of Canadian securities laws.
About Quadra FNX Mining Ltd. (News - Market indicators)
Quadra FNX Mining Ltd. is a leading mid-tier copper mining company with corporate offices in Vancouver, B.C. and Toronto, Ontario. Quadra FNX produces copper, nickel and precious metals from its operating mines: Robinson in Nevada, Carlota in Arizona, Franke in northern Chile, and Levack, which includes Morrison, Podolsky and McCreedy West in Sudbury, Ontario. The Company has two key development projects: the Sierra Gorda project, a copper-molybdenum project in Chile, and the Victoria project, a polymetallic project in Sudbury, Ontario. Quadra FNX employs approximately 1,900 people in North and South America. The Company's common shares are listed on the Toronto Stock Exchange under the ticker symbol "QUX". Additional information about the Quadra FNX is available at www.quadrafnx.com.
Cautionary Note Regarding Forward-Looking Statements:
This Press Release contains "forward-looking information" that is based on Quadra FNX's expectations, estimates and projections as of the dates as of which those statements were made. This forward-looking information includes, among other things, statements with respect to the commencement and completion of the offering and the use of proceeds of the offering. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should", "scheduled", "will", "plan", "would" and similar expressions. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Quadra FNX's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information and is developed based on assumptions about such risks, uncertainties and other factors. A discussion of these and other factors that may affect Quadra FNX's actual results, performance, achievements or financial position is contained in the filings by Quadra FNX with the Canadian provincial securities regulatory authorities, including Quadra FNX's Annual Information Form. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the continued operation of Quadra FNX's mining operations, no material adverse change in the market price of commodities, that the mining operations will operate in accordance with Quadra FNX's public statements and achieve its stated production outcomes, and such other assumptions and factors as set out herein. Although Quadra FNX has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. Quadra FNX disclaims any intent or obligations to update or revise publicly any forward-looking statements whether as a result of new information, estimates or options, future events or results or otherwise, unless required to do so by law.