TCPTF
Thompson Creek Metals Company Inc.OTCQX
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  • Tue, Jul. 5, 4:39 PM
    • Centerra Gold (OTCPK:CAGDF) agrees to acquire Thompson Creek Metals (OTCQX:TCPTF) in a deal valued at ~$1.1B, including debt.
    • All of Thompson Creek's common shares will be exchanged for Centerra shares at a ratio that implies a value of C$0.79 per TC share, a premium of 32% on the stock's latest closing price.
    • Centerra also says it plans to raise C$170M through a bought deal, which it will use to partly pay out TC's secured and unsecured noteholders.
    • Thompson Creek controls the Mount Milligan mine in British Columbia, which contains 2.2B lbs. of provable and probable copper reserves and 5.7M oz. of gold reserves.
    | Tue, Jul. 5, 4:39 PM | 16 Comments