BRIEF-Centerra Gold announces C$170 mln bought deal financing

Tue Jul 5, 2016 4:11pm EDT
 
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July 5 (Reuters) - Centerra Gold Inc

* Announces c$170 million bought deal financing

* Upon completion of deal, existing Centerra, Thompson Creek shareholders are expected to own approximately 92% and 8% of pro forma company

* Bought deal financing of 23.1 million subscription receipts at a price of c$7.35 per subscription receipt

* Net proceeds of offering will be used to partially fund redemption of secured and unsecured notes of Thompson Creek Metals Company Inc

* Thompson Creek shareholders expected to own approximately 92% and 8% of pro forma co, respectively, on a fully-diluted in--money basis Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)