DOCSLIB.ORG

TRIPLE FLAG PRECIOUS METALS CORP. US$250,000,010 19,230,770 Common Shares

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
TRIPLE FLAG PRECIOUS METALS CORP. US$250,000,010 19,230,770 Common Shares No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. This prospectus constitutes a public offering of these securities only in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such securities. These securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘‘U.S. Securities Act’’), or the securities laws of any state of the United States (as such term is defined in Regulation S under the U.S. Securities Act) and may not be offered, sold or delivered, directly or indirectly, in the United States, except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This prospectus does not constitute an offer to sell or solicitation of an offer to buy any of these securities in the United States. See ‘‘Plan of Distribution’’. SUPPLEMENTED PREP PROSPECTUS Initial Public Offering May 19, 2021 4NOV201908140987 TRIPLE FLAG PRECIOUS METALS CORP. US$250,000,010 19,230,770 Common Shares This prospectus qualifies the distribution in each of the provinces and territories of Canada of an aggregate of 19,230,770 common shares of Triple Flag Precious Metals Corp. (the ‘‘Company’’). The common shares are being offered in U.S. dollars, at a price of US$13.00 per common share, for gross proceeds of approximately US$250,000,000. We will use the net proceeds from this offering for the repayment of existing indebtedness. See ‘‘Use of Proceeds’’. This offering is being made by Merrill Lynch Canada Inc. (‘‘BofA Securities’’), Credit Suisse Securities (Canada), Inc. (‘‘Credit Suisse’’) and Scotia Capital Inc. (‘‘Scotiabank’’ and, together with BofA Securities and Credit Suisse, the ‘‘lead underwriters’’), CIBC World Markets Inc. (‘‘CIBC’’), BMO Nesbitt Burns Inc. (‘‘BMO’’), National Bank Financial Inc. (‘‘National Bank’’), RBC Dominion Securities Inc. (‘‘RBC’’) and TD Securities Inc. (‘‘TD’’ and, together with CIBC, BMO, National Bank, RBC and the lead underwriters, the ‘‘underwriters’’). The Company is a gold-focused streaming and royalty company offering bespoke financing solutions to the metals and mining industry. Our mission is to be a sought after, long term funding partner to mining companies throughout the commodity cycle while generating attractive returns for our investors. Upon completion of this offering, and assuming no exercise of the over-allotment option, our principal shareholders, Triple Flag Mining Elliott and Management Co-Invest LP (‘‘Co-Invest LP’’) and Triple Flag Co-Invest Luxembourg Investment Company S.ar.l` (‘‘Co-Invest Luxco’’ and, together with Co-Invest LP, the ‘‘Principal Shareholders’’), will own approximately 87.6% of our issued and outstanding common shares. As a result, the Principal Shareholders will have significant influence over us and our affairs. In addition, we and the Principal Shareholders will be party to an Investor Rights Agreement (as defined herein) that, among other things, will give the Principal Shareholders and their permitted affiliates the right to nominate directors to our board of directors (the ‘‘Board’’). See ‘‘Principal Shareholders’’ and ‘‘Risk Factors’’. All of the common shares held upon completion of this offering by the Principal Shareholders and our directors and officers will be subject to contractual lock-up agreements with the underwriters. See ‘‘Plan of Distribution — Lock-up Arrangements’’. Price: US$13.00 per common share Price to the Underwriters’ Net Proceeds to the Public(1) Commissions(2) Company(2)(3) Per common share ............................... US$13.00 US$0.845 US$12.155 Total(4) ........................................ US$250,000,010 US$16,250,001 US$233,750,009 Notes: (1) The public offering price has been determined by arm’s length negotiation between us and the underwriters. (continued on next page) (continued from cover) (2) The underwriters will receive a cash commission equal to 6.5% of the gross proceeds of this offering. See ‘‘Plan of Distribution’’. (3) Before deducting expenses of this offering, estimated to be approximately US$1,750,000 (not including the underwriters’ commissions). We have also agreed to reimburse the underwriters for certain of their reasonable expenses in connection with this offering. See ‘‘Use of Proceeds’’ and ‘‘Plan of Distribution’’. (4) We have granted the underwriters an option (the ‘‘over-allotment option’’), exercisable, in whole or in part, at any time and from time to time for a period of 30 days after the closing date of this offering, to purchase from us up to an additional 15% of the aggregate number of common shares issued under this offering on the same terms as set forth above solely to cover over-allotments, if any. If the over-allotment option is exercised in full, the total ‘‘Price to the Public’’, ‘‘Underwriters’ Commissions’’ and ‘‘Net Proceeds to the Company’’ will be US$287,500,005, US$18,687,500 and US$268,812,505, respectively. This prospectus also qualifies the grant of the over-allotment option. A purchaser who acquires common shares forming part of the underwriters’ over-allocation position acquires such common shares under this prospectus, regardless of whether the underwriters’ over-allocation position is ultimately filled through the exercise of the over-allotment option or secondary market purchases. See ‘‘Plan of Distribution’’. The following table sets out the number of common shares that may be sold by us to the underwriters pursuant to the over-allotment option: Maximum Size or Number of Securities Underwriters’ Position Available Exercise Period Exercise Price Over-allotment option ......... 2,884,615 common shares For a period of 30 days after US$13.00 per common the closing date of this share offering The Toronto Stock Exchange (‘‘TSX’’) has conditionally approved the listing of our common shares in Canadian dollars under the symbol ‘‘TFPM’’ and in U.S. dollars under the symbol ‘‘TFPM.U’’. Listing is subject to us fulfilling all of the requirements of the TSX on or before August 10, 2021. There is currently no market through which our common shares may be sold and purchasers may not be able to resell the common shares purchased under this prospectus. This may affect the pricing of our common shares in the secondary market, the transparency and availability of trading prices, the liquidity of our common shares and the extent of issuer regulation. An investment in our common shares is subject to a number of risks that should be considered by a prospective purchaser. Prospective purchasers should carefully consider the risk factors described under ‘‘Risk Factors’’ before purchasing our common shares. Closing of this offering is conditional on our common shares being conditionally approved for listing on the TSX. Certain of our operations and assets are located outside of Canada, certain of our directors, including Mark Cicirelli, Sir Michael Davis and Peter O’Hagan, reside outside of Canada, and one of our promoters, Triple Flag Mining Aggregator S.a` r.l., a soci´et´e a` responsabilit´e limit´ee governed by the laws of the Grand Duchy of Luxembourg having its registered office at 12c, rue Guillaume Kroll, L-1882 Luxembourg and registered with the R.C.S. Luxembourg under number B 250.444 (‘‘Aggregator’’), is organized outside of Canada and does not have an office in Canada. Our aforementioned directors who reside outside of Canada and Aggregator have appointed the Company, TD Canada Trust Tower, 161 Bay Street, Suite 4535, Toronto, Ontario, Canada M5J 2S1 as their agent for service of process in Canada. Purchasers are advised that it may not be possible for them to enforce judgments obtained in Canada against any person or company that is incorporated, continued or otherwise organized under the laws of a foreign jurisdiction or resides outside of Canada, even if the person has appointed an agent for service of process. The underwriters, as principals, conditionally offer the common shares qualified under this prospectus, subject to prior sale, if, as and when sold and delivered by us and accepted by the underwriters in accordance with the conditions contained in the underwriting agreement among us and the underwriters referred to under ‘‘Plan of Distribution’’. We are being represented by Torys LLP, Toronto, Canada and New York, New York with respect to Canadian and U.S. law. The underwriters have been represented by Davies Ward Phillips & Vineberg LLP, Toronto, Canada with respect to Canadian law and Shearman & Sterling LLP, Toronto, Canada with respect to U.S. law. In connection with the offering, the underwriters have been granted the over-allotment option and may, subject to applicable law, over-allocate or effect transactions which stabilize or maintain the market price of our common shares at levels other than those which otherwise might prevail on the open market. Such transactions, if commenced, may be discontinued at any time. The underwriters may offer our common shares at a price lower than that stated above. See ‘‘Plan of Distribution’’. BofA Securities, Scotiabank, CIBC, BMO, National Bank, RBC and TD are affiliates of Canadian chartered banks or foreign banks that are lenders to the Company under the Credit Facility (as defined herein). Consequently, we may be considered a ‘‘connected issuer’’ of each of BofA Securities, Scotiabank, CIBC, BMO, National Bank, RBC and TD under applicable Canadian securities legislation. See ‘‘Description of Material Indebtedness’’ and ‘‘Plan of Distribution — Relationship Between Us and Certain of the Underwriters’’. Subscriptions will be received subject to rejection or allocation in whole or in part and the underwriters reserve the right to close the subscription books at any time without notice. The closing of this offering is expected to occur on or about May 26, 2021 or such other date as we and the underwriters may agree, but in any event no later than June 4, 2021.
Load more

Recommended publications
  • The Kumtor Gold Mine and the Rise Of
    Central Asia Economic Papers No. 16 August 2015 The Kumtor Gold Mine and the Rise of Resource Nationalism in Kyrgyzstan Matteo Fumagalli Key points Matteo Fumagalli is an Associate Professor in the Department of The mining sector has become the battleground on which the International Relations at Central Kyrgyz authorities, the opposition, the local communities and European University in Budapest (Hungary). His work lies at the the mining companies, defend their interests. intersection of identity politics There is more than ‘just’ economics to resource nationalism and ethnic conflict and the poli- tics of natural resources in Asia. and the Kumtor controversy: Symbolic politics matters as Recent and forthcoming works include articles in East European much, and complicates matters further. Politics, Electoral Studies, the Political instability, unrest, and constant calls for renegotiating Journal of Eurasian Studies, Eu- rope-Asia Studies, Ethnopolitics, contracts with foreign mining companies have already tattered and the International Political the country’s image as an investment destination. Science Review. His monograph on State Violence and Popular Resource nationalism in the mining sector proceeds in tides Resistance in Uzbekistan is forth- coming with Routledge (2016). whose timing appears not to be aligned to the trends in global commodity prices. The opinions expressed here are those of the author only and do not represent the Central Asia Program. CENTRAL ASIA ECONOMIC PAPERS No. 16, August 2015 Kyrgyzstan’s mining sector has become the battleground on which a number of players, namely the government, the opposition, local communities, and transnational corporations, defend their interests. No other site illustrates this point more than the country’s most prized asset, namely the gold mine at Kumtor, located some 350 kilometers south-east of the capital city of Bishkek.
    [Show full text]
  • Volume 5 Has Been Updated to Reflect the Specific Additions/Revisions Outlined in the Errata to the Environmental Project Report, Dated November, 2017
    DISCLAIMER AND LIMITATION OF LIABILITY This Revised Final Environmental Project Report – Volume 5 has been updated to reflect the specific additions/revisions outlined in the Errata to the Environmental Project Report, dated November, 2017. As such, it supersedes the previous Final version dated October, 2017. The report dated October, 2017 (“Report”), which includes its text, tables, figures and appendices) has been prepared by Gannett Fleming Canada ULC (“Gannett Fleming”) and Morrison Hershfield Limited (“Morrison Hershfield”) (“Consultants”) for the exclusive use of Metrolinx. Consultants disclaim any liability or responsibility to any person or party other than Metrolinx for loss, damage, expense, fines, costs or penalties arising from or in connection with the Report or its use or reliance on any information, opinion, advice, conclusion or recommendation contained in it. To the extent permitted by law, Consultants also excludes all implied or statutory warranties and conditions. In preparing the Report, the Consultants have relied in good faith on information provided by third party agencies, individuals and companies as noted in the Report. The Consultants have assumed that this information is factual and accurate and has not independently verified such information except as required by the standard of care. The Consultants accept no responsibility or liability for errors or omissions that are the result of any deficiencies in such information. The opinions, advice, conclusions and recommendations in the Report are valid as of the date of the Report and are based on the data and information collected by the Consultants during their investigations as set out in the Report. The opinions, advice, conclusions and recommendations in the Report are based on the conditions encountered by the Consultants at the site(s) at the time of their investigations, supplemented by historical information and data obtained as described in the Report.
    [Show full text]
  • Toronto Has No History!’
    ‘TORONTO HAS NO HISTORY!’ INDIGENEITY, SETTLER COLONIALISM AND HISTORICAL MEMORY IN CANADA’S LARGEST CITY By Victoria Jane Freeman A thesis submitted in conformity with the requirements for the degree of Doctor of Philosophy Department of History University of Toronto ©Copyright by Victoria Jane Freeman 2010 ABSTRACT ‘TORONTO HAS NO HISTORY!’ ABSTRACT ‘TORONTO HAS NO HISTORY!’ INDIGENEITY, SETTLER COLONIALISM AND HISTORICAL MEMORY IN CANADA’S LARGEST CITY Doctor of Philosophy 2010 Victoria Jane Freeman Graduate Department of History University of Toronto The Indigenous past is largely absent from settler representations of the history of the city of Toronto, Canada. Nineteenth and twentieth century historical chroniclers often downplayed the historic presence of the Mississaugas and their Indigenous predecessors by drawing on doctrines of terra nullius , ignoring the significance of the Toronto Purchase, and changing the city’s foundational story from the establishment of York in 1793 to the incorporation of the City of Toronto in 1834. These chroniclers usually assumed that “real Indians” and urban life were inimical. Often their representations implied that local Indigenous peoples had no significant history and thus the region had little or no history before the arrival of Europeans. Alternatively, narratives of ethical settler indigenization positioned the Indigenous past as the uncivilized starting point in a monological European theory of historical development. i i iii In many civic discourses, the city stood in for the nation as a symbol of its future, and national history stood in for the region’s local history. The national replaced ‘the Indigenous’ in an ideological process that peaked between the 1880s and the 1930s.
    [Show full text]
  • 2016 Advertising Expenditure
    ZB7.2 STAFF REPORT To: Board of Management From: Jennifer Tracey, Senior Director Marketing, Communications & Partnerships Subject: 2016 ADVERTISING EXPENDITURE Date: 2016-02-25 Summary: This report outlines the proposed media plan and expenditures related to the 2016 advertising campaign as provided for in the 2016 Operating Budget. The paid advertising will complement the public relations and event strategy to ensure we are reaching our target audiences in the Greater Toronto Area and beyond, and that we are communicating the right messages. Recommendations: It is recommended that the Board approve the following: 1. Expenditures to reimburse Public Inc. for any outsourced production costs related to advertising programs as required for the Toronto Zoo brand, not to exceed $229.0 thousand, plus HST; and, 2. Expenditures with ZenithOptimedia Canada Inc. for media purchases related to the 2015 advertising campaign, not to exceed $956.0 thousand, plus HST. Financial Impact: There are no financial implications related to approval of these recommendations as the related advertising expenditures are included in the Operating Budget for 2016. Background: The Toronto Zoo set out the following objectives which link directly to the goals in the recent Strategic Plan, to drive the Marketing, Communications & Partnerships planning for 2016: 1. Meet or exceed 1.325 million visitors with a positive net revenue; 2. Highlight the Zoo as a ‘must-see’, fun and engaging experience filled with discovery and learning for all ages with a particular focus on the successful conservation and breeding programs including the first giant panda cubs born in Canada; 2015 Advertising Expenditure 2015-02-04 Page 2 of 9 3.
    [Show full text]
  • Peer Review EA Study Design Billy Bishop Toronto City Airport BBTCA
    Imagine the result Peer Review – EA Study Design Billy Bishop Toronto City Airport (BBTCA) Runway Expansion and Introduction of Jet Aircraft Final Report August 2015 BBTCA Peer Review of EA Study Design Report ACRONYMS AND ABBREVIATIONS ii 1.0 INTRODUCTION 1-1 1.1 Background 1-1 1.2 Current Assignment 1-3 2.0 PEER REVIEW APPROACH 2-1 2.1 Methodology 2-1 3.0 FINDINGS OF PEER REVIEW OF AECOM’S DRAFT STUDY DESIGN REPORT 3-1 3.1 EA Process and Legislation 3-1 3.2 Public Consultation & Stakeholder Engagement 3-1 3.3 Air Quality 3-2 3.4 Public Health 3-5 3.5 Noise 3-6 3.6 Natural Environment 3-10 3.7 Socio-Economic Conditions 3-11 3.8 Land Use & Built Form 3-14 3.9 Marine Physical Conditions and Water Quality 3-15 3.10 Transportation 3-15 3.11 Archaeology & Cultural Heritage 3-18 4.0 SUMMARY RECOMMENDATIONS 4-1 APPENDIX A Presentation Given to the Working Group (22 June 2015) B Presentation of Draft Phase I Peer Review Report Results (13 July 2015) i BBTCA Peer Review of EA Study Design Report ACRONYMS AND ABBREVIATIONS AERMOD Atmospheric Dispersion Modelling System ARCADIS ARCADIS Canada Inc. BBTCA Billy Bishop Toronto City Airport CALPUFF Meteorological and Air Quality Monitoring System CCG Canadian Coast Guard CEAA Canadian Environmental Assessment Act CO Carbon Monoxide COPA Canadian Owners and Pilots Association dBA Decibel Values of Sounds EA Environmental Assessment EC Environment Canada GBE Government Business Enterprise GWC Greater Waterfront Coalition HEAT Habitat and Environmental Assessment Tool INM Integrated Noise Model Ldn Day-Night
    [Show full text]
  • Hybridisation of Local and National Opposition to Kumtor Mine, Kyrgyzstan
    land Article Dirty Water, Muddied Politics: Hybridisation of Local and National Opposition to Kumtor Mine, Kyrgyzstan Joseph Horrocks-Taylor ID School of Geography, University of Oxford, Oxford OX1 3QY, UK; [email protected]; Tel.: +44-(0)-770-259-8604 Received: 6 March 2018; Accepted: 31 March 2018; Published: 3 April 2018 Abstract: From a Mongolian ‘super mine’ to China’s One Belt One Road, rapid infrastructural development is reforging Central Asia as an economic pivot of the future. Such development offers enticing economic benefits, but threatens fragile environments and local livelihoods. Due to the weakness of the state, the emphasis will be on citizens to hold developers accountable to their social and environmental pledges. Reports of political elites influencing the demands of popular protests call into question the ability of citizens to fulfil this function. This paper examines protest authenticity in Kyrgyzstan, focusing on an environmental social movement against Kumtor gold mine. We trace the emergence and evolution of the social movement, identifying the flexible discursive and scalar strategies it uses to achieve emphasis of the local level and relevance on the national scale. The discussion focuses on how national political saliency may incentivise elite involvement with social movements. This involvement can mask the local demands of the social movement, fixing the environmental problem as a national issue. It is crucial to understand the scalar dynamics of elite-protest interaction if Central Asian civil society is to hold future infrastructural developments to account. Keywords: Central Asia; Kyrgyzstan; infrastructure; environment; mining; social movements; protest; environmental justice; subversive clientelism 1.
    [Show full text]
  • Beaches Plan Plan Decemberjanuary 2009 2008 Marie Curtis Park  Message from the Mayor
    ROUGE · BLUFFER’S PARK · BALMY – KEW · WOODBINE · greatbeaches... great city, CHERRY · WARD’S ISLAND · TORONTO BEACHES PLAN TORONTO BEACHES PLAN CENTRE ISLAND · GIBRALTAR POINT · HANLAN’S POINT December January · SUNNYSIDE · 2009 EAST 2008 MARIE CURTIS PARK MESSAGE FROM THE MAYOR Revitalizing Toronto’s waterfront is a priority for all Torontonians. Ensuring that our beaches are clean and accessible is essential to making that revitalization happen. As places to play and enjoy nature, they contribute to and enhance the quality of life in Toronto. Because of the tremendous importance of beaches, it’s not surprising that Toronto is so focused on creating great public spaces along the waterfront and making our beaches more swimmable. As Founding Chair of the Great Lakes and St. Lawrence Cities Initiative, I know that communities within this region are taking steps to improve their beaches. As Canada’s biggest city, we must lead by example. I’m proud that Toronto was the first community in Canada to certify its swimming beaches under the international Blue Flag program. The Blue Flag has now been raised at six of our beaches. This is a great start, but we shouldn’t be satisfied until all of our beaches are certified – and until every beach is open for swimming every day during the summer. We’ve made great progress over the past five years in improving Toronto’s beaches. The Toronto Beaches Plan lays out the actions needed to make our beaches cleaner, safer, more usable, more accessible and greener. It’s a broad agenda, ranging from water quality to amenities to programming.
    [Show full text]
  • Cultural Loops Guide-Explore Etobicoke
    EXPLORE ETOBICOKEEXPLORE Explore Etobicoke Art, History and Nature Cultural Loops Guide Guide Loops Cultural Self-Guided Tours cultural loops Guide loops cultural Contents About Cultural Hotspot 1 About this Cultural Loops Guide 1 Tips for Exploring the Hotspot 3 Councillor’s Message 4 LOOP 1 Flora and Fauna in Mimico 7 Art Along Lake Shore 23 Discovering Lakeshore Grounds 33 LOOP 2 Where Arts and Nature Meet 45 Islington Village: History in Art 55 Getting to Know Mimico Creek 75 Down the Humber River 83 LOOP 3 North Etobicoke Through the Years 99 Community Spirit in North Etobicoke 109 Nature Along the West Humber 117 Wildlife Activity 127 HOT Eats 131 References 141 The Cultural Loops Guide is produced by City of Toronto Arts & Culture Services, Economic Development and Culture Division. For more information visit toronto.ca/culturalhotspot Cover art and interior maps: Salini Perera. Cover illustration is an artistic rendering inspired by community, culture and creativity in Etobicoke. about cultural hotspot From May through October, the Cultural Hotstpot initiative shone a spotlight on arts, culture and community in north Etobicoke. The Cultural Hotspot began in 2014 and has rotated annually, highlighting communities beyond downtown and inspiring new ideas about where culture thrives in the city. The Cultural Hotspot: · Celebrates local culture, heritage, creativity, business and community with special events, festivals and art happenings, building community pride · Connects the Hotspot community, promotes new partnerships and shares this exciting area with all of Toronto through community gather- ings, events, outreach and media campaigns · Grows creative capacity in the area with workshops, courses, youth employment and mentorship, and legacy projects like the Cultural Loops Guide Visit toronto.ca/culturalhotspot for details.
    [Show full text]
  • Meeting #4/13
    Executive Committee Meeting #4/13 Chair: Gerri Lynn O'Connor Vice Chair: Maria Augimeri Members: Ben Cachola Ronald Chopowick Glenn De Baeremaeker Michael Di Biase Jack Heath Colleen Jordan Gloria Lindsay Luby Mike Mattos Jim Tovey Richard Whitehead June 7, 2013 11:00 A.M. FLAG ROOM, MIMICO CRUISING CLUB, 220 HUMBER BAY PARK RD. W., TORONTO, AGENDA EX1. MINUTES OF MEETING #3/13, HELD ON MAY 10, 2013 Minutes Summary Enclosed Herewith on PINK EX2. BUSINESS ARISING FROM THE MINUTES EX3. DISCLOSURE OF PECUNIARY INTEREST AND THE GENERAL NATURE THEREOF EX4. DELEGATIONS EX5. PRESENTATIONS EX6. CORRESPONDENCE 1 EX7. SECTION I - ITEMS FOR AUTHORITY ACTION EX7.1 GREENLANDS ACQUISITION PROJECT 2011-2015 Flood Plain and Conservation Component, Rouge River Watershed Geranium Homes (Ninth Line) Limited CFN 49273 28 EX7.2 GREENLANDS ACQUISITION PROJECT FOR 2011-2015 Flood Plain and Conservation Component, Humber River Watershed 3E Capital Inc. CFN 49284 31 EX7.3 REGIONAL MUNICIPALITY OF PEEL Conveyance of Land and a Permanent Easement for the Gore Road Widening , City of Brampton, Regional Municipality of Peel, Humber River Watershed CFN 49221 34 EX7.4 SWAN LAKE RESIDENCE RETROFIT AND RENOVATION PROJECT Tender PMO13-04 37 EX8. SECTION II - ITEMS FOR EXECUTIVE ACTION EX8.1 CANADA GREEN BUILDING COUNCIL GREATER TORONTO CHAPTER Continuation of Partnership Agreement 41 EX8.2 MUD CREEK REACH 5 PROJECT Contract RSD13-053 45 EX9. SECTION IV - ITEMS FOR THE INFORMATION OF THE BOARD EX10 ONTARIO REGULATION 166/06 PERMIT APPLICATIONS EX10.1 - EX10.6 ARE MAJOR APPLICATIONS Applications that involved a more complex suite of technical studies to demonstrate consistency with policies; applications that cover a significant geographic area (e.g.
    [Show full text]
  • Investor Update Transformational Business Combination of Centerra Gold and Thompson Creek August 2016 Caution Regarding Forward-Looking Information
    Investor Update Transformational Business Combination of Centerra Gold and Thompson Creek August 2016 Caution Regarding Forward-Looking Information Information contained in this presentation which are not statements of historical facts, may be “forward-looking information” for the purposes of Canadian and U.S. securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: expectations regarding whether the proposed transactions outlined herein, including the arrangement to acquire Thompson Creek Metals Company Inc. (“TCM”), the equity financing and the debt financing, the redemption of TCM’s outstanding notes, as well as the issuanceoftheCenterrasharesinconnectionwiththearrangementandtheequityfinancing, will be consummated, including whether conditions to the consummation of the proposed transactions will be satisfied, or the timing for completing the transactions; further discussions with the Mongolian Government relating to definitive agreements for the development of the Gatsuurt project, higher grade ore from cut-back 17 at Kumtor; matters relating to the Öksüt Project,
    [Show full text]
  • Fact Sheet Billy Bishop Toronto City Airport Terminal A
    Fact Sheet Billy Bishop Toronto City Airport Terminal A Restoration Quick Facts Terminal A was designed and built by Toronto Harbour Commission (Toronto Port Authority’s predecessor), with construction completed in 1939. The building served as the airport’s terminal from 1939 until 2010. The Federal Government recognized Terminal A as a national historic building in 1989. The building was moved from its original site to the south side of the airport runway in 2012. In June 2014, the Toronto Port Authority (TPA) announced an agreement in principle to repair, restore and re-open the historic Terminal A building at Billy Bishop Toronto City Airport (BBTCA) as a public space and hub for the general aviation community. Terminal A: Overview Prior to the opening of the new terminal in 2010, Billy Bishop Toronto City Airport’s Terminal A building served as the airport’s primary terminal. From 1939 to 2010, the building’s ground floor was used for passenger and baggage handling while the second floor served as the airport’s administrative space. The Toronto Port Authority has invested significant resources into preserving the historic Terminal A building and its aviation heritage and moving the building to its current site. Recognized as a national historic building in 1989 by the Federal Government, the Terminal A building is a rare, surviving example of early airport terminal construction. It is one of the oldest buildings of its kind in Canada and one of only a few in the world. A similar building to Terminal A at Malton Airport, now Toronto Pearson International Airport, was torn down in the 1960s.
    [Show full text]
  • Nationalization of Kumtor: Possible Consequences for the Economy Of
    NATIONALIZATION OF KUMTOR: POSSIBLE CONSEQUENCES FOR THE ECONOMY OF KYRGYZSTAN By Maksat Musaev Submitted to Central European University Department of Economics In partial fulfillment of the requirements for the degree of Master of Arts in Economic Policy in Global Markets CEU eTD Collection Supervisor: Professor Julius Horvath Budapest, Hungary 2013 Abstract One of the biggest and influential companies in Kyrgyzstan became an epicenter of heated debates in the parliament, society and media. Canadian based gold mining company Centerra Gold is now accused of imposing unjust investment terms and of causing environmental damage. In the light of these events, the nationalization of the local subsidiary of Centerra Gold is actively propagated by certain political parties and interest groups. The present work investigated the possible consequences of nationalization for the economy of the country. In order to set a sound ground for analysis the thesis reviewed and evaluated the nationalization experience of the country, the experience at the international arbitration processes, and assessed the performance of the state-owned enterprises. The paper revealed that the policy towards nationalization may lead to negative consequences to the economy for the following reasons: the country does not have adequate experience in managing companies of this scale, high level of corruption in the public sector may degrade the performance of the company, the nationalization will damage the investment image of the country and decrease capital inflows into the country. Based on the current situation around Kumtor, the thesis proposes alternative policy which suggests the government to propose the Centerra Gold other gold fields in the country in return for revision of the current agreement.
    [Show full text]