An anonymous director reports
THOMPSON CREEK METALS COMPANY CONFIRMS COMPLETION OF ALL OBLIGATIONS RELATING TO OUTSTANDING 6.50% TANGIBLE EQUITY UNITS
Thompson Creek Metals Company Inc. has satisfied all of its obligations with respect to the remaining 6.50-per-cent tangible equity units that were issued in May, 2012. Effective May 15, 2015, 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 instalment 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 instalment payment were made pursuant to the terms of the prospectus dated May 8, 2012, under which the TMEDS was offered in May, 2012.
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