DENVER, Jan. 14, 2016 /PRNewswire/ - Thompson Creek
Metals Company Inc. (NYSE: TC) (TSX: TCM) ("Thompson Creek" or the
"Company") announced today that it received notification from NYSE
Regulation, Inc. that it has commenced proceedings to delist the
Company's common shares on the New York Stock Exchange ("NYSE")
pursuant to Section 802.01D of the Listed Company Manual due to the
current price levels of the Company's common shares. Trading
in the Company's common shares was suspended this morning on the
NYSE.
The Company's common shares will continue to be listed and
traded on the Toronto Stock Exchange. In addition, the Company has
been approved to have its common shares traded on the
OTCQX® Best Market operated by OTC Markets Group.
Trading on the OTCQX is expected to commence on January 15, 2016 under the symbol
"TCPTF." OTCQX is the OTC's highest market reserved for
companies that meet high financial standards, provide timely news
and disclosures to investors and are sponsored by a professional
third-party advisor.
While the Company has the right to appeal the NYSE
determination, based upon the cost of the appeal and the likelihood
of success, the Company believes that it is in the best interest of
its shareholders not to contest this action and has informed the
NYSE that the Company will not appeal the NYSE's determination. The
NYSE notification does not affect the Company's business operations
or its SEC reporting requirements, nor does it conflict with or
cause an event of default under any of the instruments governing
the Company's debt obligations.
About Thompson Creek Metals Company Inc.
Thompson Creek Metals Company Inc. is a North American mining
company. The Company's principal operating property is its
100%-owned Mount Milligan mine, an open-pit copper and gold mine
and concentrator in British
Columbia. The Company's molybdenum assets consist of its
100%-owned Thompson Creek Mine, an open-pit molybdenum mine and
concentrator in Idaho, its 75%
joint venture interest in the Endako Mine, an open-pit molybdenum
mine, concentrator and roaster in British
Columbia, and its Langeloth Metallurgical Facility in
Pennsylvania. The Company's development project is the Berg
property, a copper, molybdenum, and silver exploration property
located in British Columbia. The
Company's principal executive office is located in Denver, Colorado. More information is
available at www.thompsoncreekmetals.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this news release, other than purely
historical information are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and applicable Canadian securities
legislation and are intended to be covered by the safe harbor
provided by these regulations. These forward-looking statements
can, in some cases, be identified by the use of such terms as
"believe," "project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "opportunity," "plan," "may," "should,"
"will," "would," "will be," "will continue," "will likely result,"
and similar expressions. Our forward-looking statements may
include, without limitation, statements with respect to the timing
of delisting on the NYSE; continued listing on the Toronto Stock
Exchange; and the timing and availability of trading on the OTCQX®
Best Market.
Where we express an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, our forward-looking
statements are based on current expectations and assumptions that
are subject to risks and uncertainties, which may cause actual
results to differ materially from future results expressed,
projected or implied by those forward-looking statements. Important
factors that could cause actual results and events to differ from
those described in such forward-looking statements can be found in
the section entitled "Risk Factors" in our 2014 Form 10-K,
Quarterly Reports on Form 10-Q and other documents filed on EDGAR
at www.sec.gov and on SEDAR at www.sedar.com. Although we have
attempted to identify those material factors that could cause
actual results or events to differ from those described in such
forward-looking statements, there may be other factors, currently
unknown to us or deemed immaterial at the present time that could
cause results or events to differ from those anticipated, estimated
or intended. Many of these factors are beyond our ability to
control or predict. Given these uncertainties, the reader is
cautioned not to place undue reliance on our forward-looking
statements. Except as required by applicable law, we undertake no
obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
SOURCE Thompson Creek Metals Company Inc.
