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Thompson Creek Completes C$215,000,000 Financing Thompson Creek Metals Co. Ltd. News

2008/06/05 - Thompson Creek Completes C$215,000,000 Financing

 Thompson Creek Metals Company Inc. (the "Company") announces that it has closed its previously announced "bought deal" equity financing for aggregate gross proceeds of C$215,000,000.

Thompson Creek Completes C$215,000,000 Financing

 Thompson Creek Metals Company Inc. (the "Company") announces that it has closed its previously announced "bought deal" equity financing for aggregate gross proceeds of C$215,000,000. A syndicate of underwriters, co-led by GMP Securities L.P. and UBS Securities Canada Inc., and including Scotia Capital Inc., Cormark Securities Inc., Desjardins Securities Inc., Macquarie Capital Markets Canada Ltd., Blackmont Capital Inc., Paradigm Capital Inc. and Versant Partners Inc. (collectively, the "Underwriters"), purchased 10,000,000 common shares of the Company at a price of C$21.50 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 1,000,000 common shares. In the event that the option is exercised in its entirety, the additional proceeds would be C$21,500,000.

The Company plans to use the net proceeds from the offering, together with cash on hand, to repay in full its First Lien term loan.

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