HPC Market Watch
DENVER, CO, May 7, 2012 /PRNewswire/ - Thompson Creek Metals Company Inc. (the "Company" or "Thompson Creek"), today announced its intention to offer, subject to market and other conditions, $200,000,000 of its Senior Notes due 2019 ("Senior Notes"), and 8,000,000 Tangible Equity Units ("tMEDS") each with a stated amount of $25. The Company intends to grant the underwriters a 13-day option to purchase an additional 1,200,000 tMEDS.
The Company intends to use the proceeds from the offerings, together with cash from operations and funds from prior financing arrangements, to complete construction of its Mt. Milligan copper-gold mine and for working capital purposes. Neither offering is contingent upon completion of the other offering and each offering is being conducted as a separate public offering.
The Senior Notes due 2019 will be fully and unconditionally guaranteed by certain wholly-owned subsidiaries of the Company. The Senior Notes are not convertible into equity of Thompson Creek.
Each tMEDS is a unit composed of a prepaid stock purchase contract and a senior amortizing note due May 15, 2015. Each purchase contract will automatically settle on May 15, 2015 for shares of the Company's common stock. The amortizing notes will pay equal quarterly installments that will constitute a payment of interest and a partial repayment of principal. The amortizing notes will be senior unsecured obligations of the Company.
The offerings are being made in the United States pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement related to the offering of the Senior Notes and a preliminary prospectus supplement related to the offering of the tMEDS will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov.
The offerings are being made in Canada pursuant to an effective Canadian base shelf prospectus that has been filed on SEDAR. A preliminary prospectus supplement related to the offering of the Senior Notes and a preliminary prospectus supplement related to the offering of the tMEDS will be filed with, and be available on, SEDAR at http://www.sedar.com.
Copies of the preliminary prospectus supplements and the accompanying prospectus relating to the applicable securities may be obtained from J.P. Morgan Securities LLC at 1-212-834-4533 or by mail to Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Post-Sale Fulfillment; Deutsche Bank Securities Inc. at 1-800-503-4611 or by emailing to email@example.com or by mail to Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311; and RBC Capital Markets, LLC, as to the Senior Notes, at 1-877-280-1299 or by emailing to CM-USA-PROSPECTUS@rbc.com or by mail to RBC Capital Markets, LLC, Attention: High Yield Capital Markets, Three World Financial Center, 200 Vesey Street, 10th Floor, New York, NY 10281 and, as to the tMEDS, in Canada by mail to RBC Capital Markets, Attention: Distribution Centre, 277 Front St. W., 5th Floor, Toronto, Ontario M5V 2X4 or by fax to 1-416-313-6066, or in the United States by mail to RBC Capital Markets, LLC, Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281 or by fax to 1-212-428-6260.
This press release is neither an offer to sell nor a solicitation of an offer to buy any of Senior Notes, tMEDS or any other security of the Company, nor shall there be any sale of the Senior Notes or tMEDS in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is a growing, diversified North American mining company. The Company produces molybdenum at its 100%-owned Thompson Creek Mine in Idaho and Langeloth Metallurgical Facility in Pennsylvania and its 75%-owned Endako Mine in northern British Columbia. Thompson Creek has approximately 1,100 employees. Its principal executive office is in Denver, Colorado and its Canadian administrative office is in Vancouver, British Columbia.
Cautionary Note Regarding Forward-Looking Statements
This news release contains ''forward-looking statements'' within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include statements with respect to: the actual or anticipated timing or amount of securities offerings, the terms of the securities offered, future financial or operating performance of Thompson Creek or its subsidiaries and its projects; future inventory, production, sales, cash costs, capital expenditures and exploration expenditures; future earnings and operating results; expected concentrate grades, and recovery; statements as to the projected development of Mt. Milligan and other projects, including expected production commencement dates; Mt. Milligan development costs; 2012 operating goals; and 2012 molybdenum prices.
Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause actual results to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to whether the offered securities will be sold, general business, economic, competitive, political and social uncertainties including global economic conditions; volatility in molybdenum prices; labor cost and materials cost fluctuations; foreign currency fluctuations; energy price fluctuations; project delays; title disputes or claims; limitations of insurance coverage; changes in governmental regulation of mining operations; risks related to the volatility of Thompson Creek's share price; changes in environmental regulation; actual results of current exploration activities; actual results of reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; possible variations of ore grade or recovery rates; mining and processing conditions; construction delays and related disruptions in production; costs of capital expenditures; industrial accidents; weather and geological related conditions; permitting and regulatory matters (including penalties, fines, sanctions and shutdowns); and failure of plant, equipment or processes to operate as anticipated. Additional factors that could cause Thompson Creek's results to differ from those described in the forward-looking statements can be found in the section entitled ''Risk Factors'' in Thompson Creek's Annual Report on Form 10-K and in Part II, Item 1A of Form 10-Q, and subsequent documents filed on EDGAR at www.sec.gov and on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this news release and Thompson Creek disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. 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, the reader is cautioned not to place undue reliance on forward-looking statements.
Director, Investor Relations
Thompson Creek Metals Company Inc.
Tel: (303) 762-3526
Renmark Financial Communications Inc.
Tel: (416) 644-2020
SOURCE Thompson Creek Metals Company Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here
December 6, 2013
- European HPC Centers Add Allinea DDT to Multi-Petaflop Cray Systems
- GE Selects Oklahoma City for New Global Hub of Oil & Gas Technology
- Solarflare University Program Reaches Milestone
December 5, 2013
- Blue Waters Helps Team Win Best Paper at SC13
- Universities Working with Internet2 and Rackspace to Build Hybrid Cloud Environment
- Bright Computing Announces Support for NVIDIA Tesla K40 GPU Accelerator
- ICBR Selects DDN Storage
- SolidFire to Power Internap’s Cloud Storage Offering
- Supermicro Extends Partnership with EET Europarts
December 4, 2013
- GE Launches Operator Interface Solutions for the Industrial Internet
- Argonne Researchers Establish MPICH ABI Compatibility Initiative
- University Selects Hitachi, QStar and Spectra Logic for Cloud Storage Project
- Cycle Computing Strengthens Management Team
- Pico Computing Delivers EX-800 Server
December 3, 2013
- PRACE Summer of HPC Awards Students
- Chi-X Japan Deploys Solarflare Network Adapters
- Supermicro SuperServer Utilized in TSUBAME-KFC Supercomputer
- Datapipe Selects SolidFire Storage System for Cloud Platform
- HPCAC and ISC Announce Teams for Student Cluster Challenge
- Toshiba to Expand Enterprise SSD Family
Most Read Features
- Micron Exposes the Double Life of Memory with Automata Processor
- Intel Brings Knights to the Roundtable at SC13
- OpenACC Broadens Appeal with GCC Compiler Support
- LINPACK Creator Sheds Light on Emerging HPC Benchmark
- SC13 Wrapup: Supercomputingâs Top Themes
- Hurricane Force Supercomputing: Petascale Simulations of Sandy
- Crash and Boom: Inside the 10GbE Adapter Market
- Breaking: Results in for this Year's Top500 Supercomputer List
- HPC Prospects in Qatar
- Tesla GPU Accelerators Hit the Gas with GPU Boost
- More Features…
Most Read Short Takes
- SC Flashback: Seymour Cray on Gallium Arsenide
- Alternatives to x86 for Physics Processing
- Dongarra Honored with Ken Kennedy Award for Contributions to Supercomputing
- Dell Measures 'Ivy Bridge' Server's Performance Edge
- NASA Earth Science Data Now Available on AWS
- AWS Launches 'Ivy Bridge'-backed EC2 Instance Type
- Freeing CAE Jobs from Zombie Computing
- America COMPETES Act Reauthorization Hearing
- CAE Heads for Extreme Scaling
- NVIDIA Tesla Matchoff: K40 Versus the K20X
- More Short Takes…
Most Read Off The Wire
- EGI Community Forum 2014 to Take Place in Finland
- Heterogeneous Systems Dominate the Green500
- AMD Introduces the New FirePro S10000
- DOE Awards $25.4M for Exascale Design Contracts
- Allinea DDT Supports NVIDIA CUDA 5.5 and CUDA on ARM
- Intel Selects CoolIT Systems to Liquid Cool Top500 Cluster
- Pittsburgh Supercomputing Center Lands $7.6 Million NSF Grant
- Second Call for Papers Issued for IEEE NCCA 2014
- TACC to Deploy Maverick for Visualization and Data Analysis
- NVIDIA Announces CUDA 6
- More Off The Wire…
- Read more…
- Read more…
- Read more…
- Read more…
- Read more…
- Read more…
- 10/30/13 | Cray, DDN, Mellanox, NetApp, ScaleMP, Supermicro, Xyratex | Creating data is easyâ¦ the challenge is getting it to the right place to make use of it. This paper discusses fresh solutions that can directly Read more…
- 10/1/13 | IBM | A new trend is developing in the HPC space that is also affecting enterprise computing productivity with the arrival of âultra-denseâ hyper-scale Read more…
- Read more…
- Read more…
HPC Job Bank
December 9 - 12Las Vegas
December 10 - 13New York NJ United States
December 10 @ 8:30 am - 4:00 pmNew York NY United States
December 18 - 21Bangalore India
January 13, 2014 - January 14, 2014Barcelona Spain