Quantum Mining Corporation Announces Redemption of Notes Due in 2027
First Quantum Minerals Ltd., a global mining company, has announced the completion of the redemption of its 6.875% Senior Notes due 2027. The redemption was made in an aggregate principal amount of $41,878,000.
The redemption was financed through the new issuance of 7.250% Senior Notes due 2034, which was conducted by J.P. Morgan. The Company used the proceeds from its previously announced offering of $1,000 million aggregate principal amount of these notes for the redemption.
However, it is important to note that the securities are not to be offered, sold, or made available to retail investors in the European Economic Area (EEA) or the United Kingdom (UK). This restriction is in compliance with the PRIIPs Regulation in the EEA and the UK PRIIPs Regulation. No key information document has been prepared for offering or selling the securities to retail investors in these regions, making such an offer unlawful.
The redemption price for the 2027 Notes was $1,003.79 per $1,000 principal amount, plus accrued and unpaid interest of $1,087,644.72.
Investors are advised not to place undue reliance on forward-looking statements or information in this news release. The Company does not intend to conduct a public offering in the United States or any other jurisdiction. The Notes will not be registered under the U.S. Securities Act, or the securities laws of any state of the U.S. or other jurisdictions and will not be offered or sold within the U.S. or to, or for the account or benefit of, U.S. Persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and the applicable laws of other jurisdictions.
For media inquiries, please contact James Devas, Manager, Corporate Affairs, at 44 207 291 6630 or email [email protected]. For investor relations, contact Bonita To, Director, Investor Relations, at (416) 361-6400, toll-free: 1 (888) 688-6577, or email [email protected].
Further information can be found on the Company's website at www.first-quantum.com. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law.
It is also important to acknowledge that risks, uncertainties, and other factors may cause actual results to differ materially from those disclosed in the forward-looking statements. The Company's ticker symbols are TSX:FM and OTC:FQVLF.
This announcement is not a prospectus and should not be construed as a public offering of the securities in the UK or Canada. In member states of the EEA, this announcement and any offer of the securities referred to herein will be made pursuant to an exemption under the Prospectus Regulation from the requirement to publish a prospectus for offers of the securities referred to herein.
The Company does not intend to solicit purchases of any securities of the Company through this announcement. The Company's website content is not part of this announcement.
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