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| Home : Silver Wheaton Announces Increase to Previously Announced Bought Deal Financing to US$550 Million |
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Apr 01
2016 |
Silver Wheaton Announces Increase to Previously Announced Bought Deal Financing to US$550 Million |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 31, 2016) - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW)(NYSE:SLW) is pleased to announce that, due to strong demand, the Company has increased the size of its previously announced public offering to 33,135,000 common shares, at a price of US$16.60 per common share, for aggregate gross proceeds to Silver Wheaton of approximately US$550 million (the "Offering"). The Offering is with a syndicate of underwriters led by RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets and Scotiabank (the "Underwriters"). In addition, Silver Wheaton has agreed to grant to the Underwriters an option to purchase up to an additional 4,970,250 common shares at a price of US$16.60 per share, on the same terms and conditions as the Offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the Offering. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to Silver Wheaton will be approximately US$632.5 million. |
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| Source:http://www.marketwired.com/mw/release.do?id=2110697&sourceType=3 |
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