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Thompson Creek Closes $350 Million Senior Secured Notes Offering
Published : November 28, 2012
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Thompson Creek Closes $350 Million Senior Secured Notes Offering

NYSE: TC
TSX: TCM

DENVER, Nov. 28, 2012 /CNW/ - Thompson Creek Metals Company Inc. (the "Company" or "Thompson Creek")  today announced the closing of its previously announced offering of $350,000,000 aggregate principal amount of its 9.75% Senior Secured First Priority Notes due 2017 ("Senior Secured Notes").  The Senior Secured Notes offering closed on November 27, 2012.

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 terminated its revolving credit facility, under which no debt is outstanding.

The Senior Secured Notes are fully and unconditionally guaranteed by certain wholly-owned subsidiaries of the Company.  The Senior Secured Notes and the related guarantees are 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.

Deutsche Bank Securities Inc. served as the sole book-running manager of the Senior Notes offering.

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. 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.

SOURCE: Thompson Creek Metals Company Inc.

For further information:

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

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Thompson Creek Metals Co Inc.

PRODUCER
CODE : TCM.TO
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In the News and Medias of Thompson Creek Metals Co Inc.
7/1/2014Thompson Creek mine expansion pays off in credit rating
2/24/2014Thompson Creek to suspend output at molybdenum mine
1/14/2014Thompson Creek moly output up 34%, sales by 27%
4/4/2012Thompson Creek Missteps Frustrating; But Value Remains
2/28/2012Thompson Creek Metals reports Q4 profit rise
11/8/2011Thompson Creek posts lower Q3 profit
4/26/2011Thompson Creek ends option agreement with U.S. Energy Corp
11/5/2010Thompson Creek Metals returns to profit in 3rd quarter
11/5/2010Higher moly production and prices return Thompson Creek to p...
8/6/2010Depressed moly prices in June, July could hurt Thompson Cree...
7/19/2010Thompson Creek in $650 mn Terrane deal for Mt Millgan copper...
7/16/2010Thompson Creek in $650 mn Terrane deal for Mt Millgan copper...
11/19/2009Thompson Creek in molybdenum and copper acquisitions mode
11/6/2009Cash-flush Thompson Creek in pursuit of acquisitions
11/6/2009Thompson Creek profits drop 80% in Q3
11/6/2009Thompson Creek posts $19,7m Q3 profit
8/12/2009Thompson Creek Metals Company Inc names S. Scott Shellhaas a...
6/15/2009Thompson Creek Raises Production Guidance; Pullback Is Buy O...
3/23/2009'actively' seeking acquisitions
2/19/2009cuts molybdenum production
1/30/2009to reduce molybdenum production
9/29/2007War Eagle - Financial Post article - Commodities boom extend...
Annual reports of Thompson Creek Metals Co Inc.
2008 Annual report
Financings of Thompson Creek Metals Co Inc.
5/23/2011Announces Closing of its Senior Unsecured Notes Offering
2/5/2010Thompson Creek terminates $35m credit facility
Nominations of Thompson Creek Metals Co Inc.
9/17/2013mpany Announces Start Date for New Chief Executive Officer
8/8/2013mpany Announces Appointment of Jacques Perron as Chief Execu...
5/25/2011Promotes Scott Shellhaas to President
8/11/2010Appointment of General Counsel
8/11/2009Appointment of Chief Operating Officer
8/8/2008Announces Appointment of James L. Freer to Board of Director...
7/29/2008Announces Appointment of Chief Financial Officer
Financials of Thompson Creek Metals Co Inc.
10/21/2013mpany Schedules Third Quarter 2013 Financial Results Confere...
7/11/2013mpany Schedules Second Quarter 2013 Financial Results Confer...
5/8/2013mpany Reports First Quarter 2013 Financial Results
4/17/2013mpany Schedules First Quarter 2013 Financial Results Confere...
2/25/2013mpany Reports Fourth Quarter and Full Year 2012 Financial Re...
1/28/2013mpany Schedules 2012 Financial Results Conference Call/Webca...
11/8/2012Reschedules Third Quarter 2012 Financial Results Conference ...
11/8/2011Announces Third Quarter 2011 Financial Results
10/12/2011Schedules Third Quarter 2011 Financial Results Conference Ca...
8/9/2011Announces 2011 Second Quarter Revenue Up 28.6% to $190.9 Mil...
7/15/2011Schedules Second Quarter 2011 Financial Results Conference C...
7/14/2011Schedules Second Quarter 2011 Financial Results Conference ...
5/9/2011Announces Offering of Senior Unsecured Notes
4/6/2011Schedules First Quarter 2011 Financial Results Conference Ca...
2/25/2011Announces Record Production and Sales Volumes for Fiscal 201...
7/26/2010Schedules Conference Call/Webcast to Review Second Quarter 2...
5/5/2010First-Quarter 2010 Financial Results
4/22/2010Schedules First-Quarter 2010 Financial Results Conference Ca...
11/6/2009Third-quarter 2009 financial results and production and cost...
10/28/2009Schedules third-quarter 2009 financial results conference ca...
7/28/2009schedules second-quarter 2009 financial results conference c...
8/8/2008Announces Second-Quarter 2008 Financial Results
3/14/2008Announces 2007 Financial Results
Project news of Thompson Creek Metals Co Inc.
10/3/2012(Thompson Creek Mine)New Mine Plan at the Thompson Creek Mine Expected to Achieve...
12/15/2011Announces Royal Gold Increases Gold Stream Interest to Purch...
8/8/2011(Endako)mpany Inc. - Lawsuit Relating to Endako Expansion Project Di...
4/25/2011(Mt Emmons)Terminates Option Agreement with U.S. Energy Corp.
4/4/2011(Mount Milligan)Annouces Completion of $132 Million Equipment Financing
7/27/2010(Endako)Union Obtains Certification
2/19/2009(Thompson Creek Mine)cuts molybdenum production
8/19/2008Signs Option Agreement to Acquire Up to 75% of High-Grade Mo...
4/2/2008(Davidson (yorke-hardy)) Announces Davidson Deposit Feasibility Study
3/14/2008(Endako)Announces Approval for Endako Expansion
2/20/2008(Endako)Announces Revised 2008 Endako Production Guidance and 2007 P...
12/14/2007(Endako)Announces Changes to Production Estimates for 2007
Corporate news of Thompson Creek Metals Co Inc.
10/7/2013mpany Celebrates the Opening of Mt. Milligan With Dedication...
9/24/2013mpany Announces Copper-Gold Concentrate Production at Mt. Mi...
8/16/2013mpany Processes First Feed at Mt. Milligan Copper and Gold M...
1/22/2013mpany Approval of Deposition of Tailings at the Mt. Milligan...
11/28/2012Closes $350 Million Senior Secured Notes Offering
11/16/2012prices $350 million Senior Secured Notes offering
10/3/2011Announces Executive Management Promotion and Key New Hire
9/13/2011(Endako)Announces Increased Reserves and Extended Mine Life for the ...
8/15/2011Announces Executive Promotions
5/9/2011Announces First Quarter 2011 Record Production of 10.3 Milli...
3/31/2011ANNOUNCES COMPLETION OF $132 MILLION EQUIPMENT FINANCING
12/20/2010Announces Application Filed Relating to the Approval of Terr...
12/13/2010Announces Entry into New Credit Agreement
11/5/2010Announces Third-Quarter 2010 Revenues up 41% and Cash Flow F...
10/20/2010& Terrane Metals Corp. Announce Commencement of Closing of t...
9/27/2010 Receives Final Court Order for Transaction with Terrane Met...
9/24/2010Terrane Metals Corp. Shareholders Approve Acquisition by Tho...
7/15/2010Enters into agreement to acquire Terrane Metals Corp.
5/10/2010Election Of Carol T. Banducci To Board Of Directors
5/6/2010Annual General Meeting Webcast Notification - May 6, 2010
1/25/2010Confirms move to U.S. generally accepted accounting principl...
6/24/2009completion of stock option cancellation program
6/8/2009Changes to 2009 Operating Plans
6/5/2009Resignation of Chief Operating Officer
5/1/2009to Webcast Annual Meeting of Shareholders on May 7 at 4:15 P...
2/18/2009provides update on 2009 operating plans
1/27/2009Changes Production Guidance for 2009
12/5/2008Provides Update on Capital Expenditure Plans
10/16/2008Announces Pamela L. Saxton has Assumed the Duties of Chief F...
9/25/2008announces normal course issuer bid
6/27/2008Completes Over-Allotment Option
6/5/2008Completes C$215,000,000 Financing
5/5/2008webcast Annual and Special Meeting of Shareholders on May 8 ...
12/11/2007Announces Changes to Board of Directors
11/26/2007Announces Revised Reserves and New 10-Year Mine Plan for Tho...
10/15/2007(angl) Posts New Report On Expanded Uses Of Molybdenum In T...
8/10/2007Reports Net Income of US$56.8 Million or 51 Cents Per Share ...
7/10/2007Announces Revised Mine Life of 27 Years at Endako Molybdenum...
5/11/2007Elects Two New Directors And Changes Name To Thompson Creek ...
5/10/2007Reports Cash Flow From Operating Activities of US$105.1 Mill...
4/16/2007A New Measured And Indicated Resource Of 464 Million Pounds
4/11/2007New Report on 'Structural Changes in Molybdenum Demand'
3/27/2007Reports Cash Flow From Operating Activities Of US$75.4 Milli...
4/13/2006Reports grades up to 0,797% MoS2 from Davidson drilling:…
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TORONTO (TCM.TO)FRANKFURT (A6R.F)
3.13-1.57%2.16-0.83%
TORONTO
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