First Quantum Minerals Announces Common Share Offering

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Message Jeu 21 Mai 2015 00:35

First Quantum Minerals Announces Common Share Offering

First Quantum Minerals Announces Common Share Offering
05/20/2015

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today announced that it has filed a preliminary short form prospectus in Canada in connection with an overnight-marketed public offering of common shares to raise approximately Cdn$1.25 billion (the "Offering"). The Offering will be conducted through a syndicate of underwriters led by RBC Capital Markets and Goldman Sachs Canada Inc. (collectively, the "Underwriters"). In addition, the Company has agreed to grant the Underwriters an over-allotment option to purchase that number of additional common shares of First Quantum equal to 15% of the common shares sold pursuant to the Offering, exercisable at any time, in whole or in part, up to 30 days from the closing of the Offering (the "Over-Allotment Option"). If the Over-Allotment Option is exercised in full, the total gross proceeds to First Quantum will be approximately Cdn$1.44 billion.

The Offering will be priced in Canadian dollars in the context of the market, with the final terms of the Offering to be determined at the time of pricing.

The Company intends to use the net proceeds of the Offering to advance and expand existing production facilities, to increase financial flexibility through the reduction of net debt, and for general corporate purposes, including strategic investments to further enhance its returns and growth pipeline.

The common shares will be sold publicly in all provinces of Canada, except Québec, and in other jurisdictions pursuant to available exemptions from registration under applicable securities laws. Closing of the Offering is expected to occur on or about June 4, 2015 and is subject to receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

This news release is not an offer of securities for sale in the United States. The securities described above have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, or an applicable exemption from the registration requirements thereof.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

G. Clive Newall, President
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Message Jeu 21 Mai 2015 00:41

Re: First Quantum Minerals Announces Common Share Offering

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