NYSE: TC
TSX: TCM
DENVER, CO, Nov. 13, 2012 /PRNewswire/ - Thompson Creek
Metals Company Inc. (the "Company" or "Thompson Creek"), today
announced its intention to offer, subject to market and other
conditions, $350,000,000 of its
Senior Secured First Priority Notes due 2018 ("Senior Secured
Notes").
The Company intends to use the proceeds from the offering for
general corporate purposes, including capital expenditures relating
to the development of its Mt. Milligan copper-gold
mine. In connection with the closing of this offering,
the Company intends to terminate its revolving credit facility,
under which no debt is outstanding.
The Senior Secured Notes will be fully and unconditionally
guaranteed by certain wholly-owned subsidiaries of the
Company. The Senior Secured Notes and the related guarantees
will be secured by a first-priority lien subject to permitted liens
on substantially all of the Company's and the guarantors' property
and assets. The Senior Secured Notes are not convertible into
equity of Thompson Creek.
The offering is 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 will be filed with the SEC and will be
available on the SEC's website at http://www.sec.gov.
The offering is 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 will be filed with,
and be available on, SEDAR at http://www.sedar.com.
Copies of the preliminary prospectus supplement and the
accompanying prospectus relating to the Senior Secured Notes may be
obtained from the Sole Book-Running Manager, Deutsche Bank
Securities Inc., by telephone at 1-800-503-4611, by email to
prospectus.CPDG@db.com or by mail to Deutsche Bank Securities Inc.,
Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836.
This press release is neither an offer to sell nor a
solicitation of an offer to buy any of Senior Secured Notes or any
other security of the Company, nor shall there be any sale of the
Senior Secured Notes 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;
operating goals of Thompson Creek or its subsidiaries; and future
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 Thompson Creek's Quarterly Reports
on 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.
Pamela Solly
Director, Investor Relations
Thompson Creek Metals Company Inc.
Tel: (303) 762-3526
psolly@tcrk.com
Christine Stewart
Renmark Financial Communications Inc.
Tel: (416) 644-2020
cstewart@renmarkfinancial.com
SOURCE Thompson Creek Metals Company Inc.