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Silver Wheaton Corp. Message Board

  • skh27616 skh27616 Dec 6, 2005 8:20 AM Flag

    DJ Silver Wheaton To Sell 11.7M Units

    DJ Silver Wheaton To Sell 11.7M Units At C$6.40 Each >SLW

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    Dow Jones Real-Time News for InvestorsSM
    08:08 a.m. 12/06/2005


    VANCOUVER (Dow Jones)--Silver Wheaton Corp. (SLW) has entered into an agreement for the bought-deal sale of 11,725,000 units at C$6.40 each, for gross proceeds of C$75 million.

    In a press release, the company said the underwriting group is led by GMP Securities L.P. The underwriters will have the option to purchase up to an additional 2,350,000 units at the same issue price until closing.

    Each unit will consist of one common share and one-half share-purchase warrant, with each whole warrant entitling the purchase of one share at C$10.00 for five years.

    Proceeds will be used for general corporate purposes. According to the TSX Web site, the company had 167.2 million shares outstanding as of Monday.

    The offering is scheduled to close on or about Dec. 22 and is subject to certain conditions, including the receipt of all regulatory approvals.

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