The Underwriters were paid a 6% cash commission. The proceeds from the Offering are anticipated to be used for:
- Operational expenditures, including engineering, environmental, permitting and evaluation expenses associated with the Pebble Project and advancement of the U.S. Army Corps of Engineers Environmental Impact Statement (EIS);
- Ongoing outreach and engagement with political and regulatory offices in the Alaska state and U.S. federal governments, Alaska Native partners and broader regional and state-wide stakeholder groups; and general corporate purposes.
The Offering was made by way of a prospectus supplement (the Prospectus Supplement) to the company’s existing Canadian base shelf prospectus (the Base Shelf Prospectus) and related U.S. registration statement on Form F-10 (SEC File No. 333-229262) (the Registration Statement) filed under the Canada/U.S. multi-jurisdictional disclosure system. The U.S. form of Base Shelf Prospectus is included in the Registration Statement. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon by the accuracy or adequacy of the Prospectus Supplement, the Base Shelf Prospectus or the Registration Statement.
