Last Updated :
17 September 2009 at 09:50 IST
Thompson Creek completes big financing
TORONTO (Commodity Online): Thompson Creek Metals Company Inc. (TSX: TCM; NYSE: TC) (the “Company”) has announced that it has closed its previously announced “bought deal” equity financing for aggregate gross proceeds of C$217,000,000. A syndicate of underwriters purchased 15,500,000 common shares of the Company at a price of C$14.00 per share.
The underwriters have an option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 2,325,000 common shares. In the event that the option is exercised in its entirety, the additional gross proceeds would be C$32,550,000.
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.
MCX SUGARMKOL EX - KOLHAPUR 20 June 2012
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