26 Oct 2016listing compliance notice▼ BadMajor
Thompson Creek Metals Co Inc. terminated the registration of a class of securities, ending its reporting obligation for them.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Oct 2016business combination● NeutralMajor
The Centerra deal closed on October 20, 2016, after a BC Supreme Court final order on October 19. Each Thompson Creek share was exchanged for 0.0988 of a Centerra share, and Centerra issued 22,320,127 shares to former holders, about 8% of Centerra. The 7.375% and 12.5% notes were redeemed at 101.844% and 106.250% of principal, and the 9.75% secured notes were called for redemption on December 1, 2016 at par. Total paid was US$881,018,180.72. Royal Gold's 52.25% gold stream on Mount Milligan became a 35% gold stream plus an 18.75% copper stream. Thompson Creek is now owned through Centerra B.C. Holdings, was delisted from the TSX on October 21, and plans to end its SEC and Canadian reporting. Its former directors and officers, including CEO Jacques Perron and CFO Pamela Saxton, resigned, replaced by Dennis Kwong (President), Gordon Reid and Darren Millman. Thompson Creek and certain subsidiaries also guaranteed, and granted security over substantially all assets for, a new Centerra credit facility (US$250M term plus US$75M revolver, maturing October 20, 2021) that funded most of the note payoff.
25 Oct 2016listing compliance notice▼ Bad
Thompson Creek Metals Co Inc. withdrew a registration statement, abandoning the offering it covered.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. director Drover Kevin disposed of 126,582 shares via option/appreciation-right settlement.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. director Timothy J Haddon disposed of 176,253 shares via option/appreciation-right settlement.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CCO Mark Arthur Wilson acquired 446,012 shares and disposed of 712,171 in a set of related equity transactions.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CFO Pamela L Saxton acquired 441,687 shares and disposed of 672,859 in a set of related equity transactions.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. director Banducci Carol disposed of 112,857 shares via option/appreciation-right settlement.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. director Giardini Anne disposed of 101,754 shares via option/appreciation-right settlement.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. director James P Geyer disposed of 159,192 shares via option/appreciation-right settlement.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. director Freer James L disposed of 157,692 shares via option/appreciation-right settlement.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. Chief Executive Officer Jacques Perron acquired 949,846 shares and disposed of 1,879,080 in a set of related equity transactions.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. director Arsenault Denis C disposed of 194,141 shares via option/appreciation-right settlement.
21 Oct 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. VP HR, HR Systems Geoffrey Ramey acquired 200,656 shares and disposed of 315,727 in a set of related equity transactions.
12 Sept 2016business combination● NeutralMajor
The final proxy for the Centerra deal is out, dated September 12, 2016. Shareholders vote on October 18, 2016 in Littleton, Colorado; approval needs two-thirds of votes cast, plus BC Supreme Court approval. The terms are unchanged from the July preliminary proxy: 0.0988 of a Centerra share per Thompson Creek share (holders to own about 8% of Centerra), and Centerra paying off about $889M of debt. The board recommends voting for it. This fills in the meeting date that was blank in July.
9 Aug 2016quarterly activities report▼ Bad
Thompson Creek Metals Co Inc. reported quarterly revenue of $128.7 million and a net loss of $27.9 million for the period ended 2016-06-30.
9 Aug 2016agm notice● Neutral
Thompson Creek Metals Co Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
8 Aug 2016quarterly activities report▼ Bad
Thompson Creek Metals Co Inc. reported quarterly revenue of $128.7 million and a net loss of $27.9 million for the period ended 2016-06-30.
4 Aug 2016substantial holder notice● Neutral
LETKO, BROSSEAU & ASS. INC reported a Thompson Creek Metals Co Inc. shareholding of 30,850 shares (0.01% of votes) in a periodic institutional filing.
13 July 2016business combination● NeutralMajor
This is the preliminary proxy statement for the special shareholder meeting on the Centerra deal announced July 5, 2016; the meeting date is still blank. Shareholders will vote on the 0.0988-share exchange, which needs two-thirds of votes cast, plus the BC Supreme Court's approval. Centerra is paying off about $889M of Thompson Creek debt, and the board recommends voting for the deal.
12 July 2016quarterly activities report▼ Bad
Thompson Creek Metals Co Inc. reported quarterly revenue of $128.7 million and a net loss of $27.9 million for the period ended 2016-06-30.
12 July 2016agm notice● Neutral
Thompson Creek Metals Co Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
6 July 2016agm notice● Neutral
Thompson Creek Metals Co Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
6 July 2016business combination▲ GoodMajor
On July 5, 2016 the company agreed to be acquired by Centerra Gold: each Thompson Creek share would be exchanged for 0.0988 of a Centerra share, leaving Thompson Creek holders with about 8% of the combined company. The press release puts the implied value at C$0.79 per share, a 32% premium to the July 4 close. The 9.75% secured, 7.375% and 12.5% notes are to be redeemed or discharged in cash at closing, and Royal Gold's 52.25% gold stream on Mount Milligan is to be changed to a 35% gold stream and 18.75% copper stream. It needs shareholder, BC court and TSX approval; the company would owe a $35M fee in some termination cases, and either side can terminate if the deal has not closed by October 31, 2016.
6 July 2016agm notice● Neutral
Thompson Creek Metals Co Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
6 July 2016agm notice● Neutral
Thompson Creek Metals Co Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
28 June 2016agm notice● Neutral
Thompson Creek Metals Co Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
24 May 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. Chief Executive Officer Perron Jacques had 12,210 shares withheld for taxes on vesting stock.
24 May 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CCO Wilson Mark Arthur had 5,256 shares withheld for taxes on vesting stock.
24 May 2016director interest notice● Neutral
Thompson Creek Metals Co Inc. Executive VP and CFO Pamela L Saxton had 5,884 shares withheld for taxes on vesting stock.