Thompson Creek Metals Company Confirms Completion of All Obligations Relating to Outstanding 6.50% Tangible Equity Units

May 28, 2015, 17:45 ET from Thompson Creek Metals Company Inc.

 

DENVER, CO, May 28, 2015 /PRNewswire/ - Thompson Creek Metals Company Inc. (NYSE: TC) (TSX: TCM) ("Thompson Creek" or the "Company") announced today that it has satisfied all of its obligations with respect to the remaining 6.50% Tangible Equity Units ("TMEDS") that were issued in May 2012. Effective May 15, 2015 (the "mandatory settlement date"), the prepaid share purchase contract portion of each outstanding TMED unit was automatically settled at the maximum settlement rate of 5.3879 shares of common stock.  Thompson Creek issued a total of 6,105,210 shares of common stock in connection with such settlement. Thompson Creek has also made the final installment payment on the amortizing note portion of each outstanding TMED unit, satisfying in full the principal and interest payments on the TMEDS. The mandatory settlement and final installment payment were made pursuant to the terms of the prospectus dated May 8, 2012, under which the TMEDS were offered in May 2012.  

About Thompson Creek Metals Company Inc.

Thompson Creek Metals Company Inc. is a North American mining company.  The Company's principal operating property is its 100%-owned Mount Milligan mine, an open-pit copper and gold mine and concentrator in British Columbia. The Company's molybdenum assets consist of its 100%-owned Thompson Creek Mine, an open-pit molybdenum mine and concentrator in Idaho, its 75% joint venture interest in the Endako Mine, an open-pit molybdenum mine, concentrator and roaster in British Columbia, and its Langeloth Metallurgical Facility in Pennsylvania.  The Company's development projects include the Berg property, a copper, molybdenum, and silver exploration property located in British Columbia and the Maze Lake property, a gold exploration project located in the Kivalliq District of Nunavut, Canada. The Company's principal executive office is located in Denver, Colorado. More information is available at www.thompsoncreekmetals.com.

SOURCE Thompson Creek Metals Company Inc.



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