Dies ist ein Secondary - Placement: MNG in kan.$

verfasst von Emerald, 27.06.2006, 17:15

-->Treasury Offering of Common SharesTerms and Conditions
Issuer: Miramar Mining Corporation (“Miramar” or the “Company”)
Issue: Treasury offering of 19,200,000 Common Shares
Issue Price: $4.17 per Common Share
Issue Amount: $80,064,000
Over-Allotment Option: The Company has agreed to grant the Underwriters an over-allotment option of 15% of the Issue (representing 2,880,000 Common Shares), exercisable in whole or in part at the Issue Price for a period of up to 30 days following Closing, to cover over-allotments, if any.
Concurrent Offering: Concurrent with this Issue, Miramar will issue $15,085,000 of flow-through common shares (the “Flow-Through Private Placement”), on a private placement basis, at a price of $5.20 per flow-through common share.
Newmont Option: Pursuant to the terms of a subscription agreement (the “Newmont Agreement”) between the Company and Newmont Mining Corporation of Canada Limited (“Newmont”), Newmont has the right to participate to the extent of 19.9% in any form of financing (except with respect to Common Shares issued on the exercise of stock options or other rights, options and warrants that existed as of the date of the Newmont Agreement). Under the Newmont Agreement, the Company is required to offer Newmont the right to participate up to 19.9% in the Issue and in the Flow-Through Private Placement. Under the Newmont Agreement, if the Company proposes to engage in an underwritten public offering, it is to require that the lead underwriter contact Newmont and offer Newmont the right to purchase up to 19.9% of the securities offered on the same terms as such securities are offered to other investors and the lead underwriter is to determine the timing of acceptance of the offer, which shall be the same as the timing for acceptance by other investors. If Newmont elects to exercise its option, Newmont will maintain its pro rata equity interest on the entire Issue, including any portion of the Over-Allotment Option that is exercised.
Use of Proceeds: The Company intends to use the net proceeds from the Offering as follows:- $26 million for resource in-fill and expansion drilling at the Madrid deposit and for resource programs at the Boston deposit and Doris Connector zone;- $12.9 million for exploration programs over the next three years at the Hope Bay Project; - $6.4 million on geotechnical field studies, including drilling and sampling primarily at the Madrid deposit; - $7 million on feasibility studies on the next phases of development at the Hope Bay Project;- $15 million on environmental studies and permitting work to support permit applications for the next phases of development at the Hope Bay Project; and- $12.7 million on general corporate purposes and working capital
Form of Offering: Bought underwritten public issue, eligible for sale in all provinces of Canada except Quebec, pursuant to a short form prospectus, and in the United States pursuant to registration under the Multi-Jurisdictional Disclosure System (MJDS).
Listing: Shares currently trade under the symbol “MAE” on the TSX and “MNG” on AMEX.
Eligibility: Eligible under the usual statutes in Canada and for RRSPs, RRIFs, RESPs and DPSPs.
Closing: On or about July 12, 2006.
Syndicate BMO 40.0%, Paradigm 30.0%, Dundee 15.0%, Canaccord 5.0%, RBC Capital Markets 5.0%, National Bank Financial 2.5%, Salman Partners 2.5%.

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• Dies ist ein Secondary - Placement: MNG in kan.$ - Emerald, 27.06.2006, 17:15
  • Ja. Schön. Was bedeutet das nun? (o.Text) - ufi, 27.06.2006, 17:47
    • Re: Ja. Schön. Was bedeutet das nun? (o.Text) - Schwaigi, 27.06.2006, 20:00
      • Re: Ja. Schön. Was bedeutet das nun? - Emerald, 27.06.2006, 21:08