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Examples
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("Terrane"), and an additional $85.0 million to be paid over the construction period of the Mt.
Royal Gold Announces Completion of the Mt. Milligan Gold Stream Acquisition - Yahoo! Finance 2010
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( "Terrane" or the "Company") (profile), is pleased to announce that the Company has received from the province of British Columbia an Environmental Assessment ( "EA") Certificate for its Mt. Milligan copper-gold Project (the "Project") 150 km northwest of Prince George.
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The blockade has shut down local logging and closed the route to a major construction site at the Mount Milligan mine, owned by Terrane Metals Corp.
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Net income for the 2010 third quarter and second half is expected to be impacted by depressed molybdenum prices in June and July, the upward cost trend at TCM's mines, a higher proportion of sales from third party purchases and related costs in the 2010 third quarter, and the costs related to the acquisition of Terrane which will be expensed as incurred.
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Thompson Creek in $650 mn Terrane deal for Mt Millgan copper-gold project
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Terrane has also granted to the Underwriters an over-allotment option to purchase an additional 9,545,550 Units at the same price, exercisable in whole or in part, for a period of up to 30 days following the closing date.
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About Terrane Metals Corp. Terrane is an exploration and mine development company focused on the development of the Mt. Milligan gold-copper project in British Columbia, Canada.
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Davidson, costs and timing of future exploration, requirements for additional capital, benefits of the Terrane acquisition to Thompson Creek shareholders including: the ability for
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Goldcorp Inc. (GG: NYSE; G: TSX) owns a 52. 4% equity interest in Terrane on a fully diluted basis.
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Terrane intends to use the aggregate net proceeds from the financings to fund the 2010 construction program at the Mt. Milligan Project and for working capital purposes.
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