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Silver Wheaton announces exercise of over-allotment option
Silver Wheaton announces exercise of over-allotment option Silver Wheaton announce...
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":"\n\n\n\nSilver Wheaton announces exercise of over-allotment option\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSilver Wheaton announces exercise of over-allotment option\nCanada NewsWire\nVANCOUVER, April 11, 2016\n\n\n\nTSX: SLWNYSE: SLW\n\n\n\n\nVANCOUVER, April 11, 2016 /CNW/ - Silver Wheaton Corp. (\"Silver Wheaton\" or the \"Company\") (TSX:SLW) (NYSE:SLW) announced today that the syndicate of underwriters for the Company's previously completed bought deal public offering of 33,135,000 common shares of Silver Wheaton (the \"Offering\") have elected to exercise their option in full to purchase an additional 4,970,250 common shares at a price of US$16.60 per share. The sale of the additional common shares is expected to be completed on April 14, 2016 and will increase the gross proceeds by an additional US$82.5 million, resulting in total gross proceeds from the Offering of US$632.5 million.\n\nThe Offering was led by RBC Capital Markets, BMO Capital Markets, CIBC Capital Markets and Scotiabank (the \"Underwriters\"). \n\nSilver Wheaton intends to use the net proceeds from the Offering, including proceeds from the exercise of the over-allotment option, to repay a portion of the debt that was drawn on the Company's US$2 billion revolving credit facility in November 2015 for the US$900 million purchase of the silver stream on the Antamina mine in Peru. \n\nThe Offering was completed by way of a prospectus supplement dated March 31, 2016 (the \"Supplement\") to the Company's existing short form base shelf prospectus dated May 4, 2015, which was filed in all of the provinces of Canada and was registered in the United States pursuant to a registration statement filed under the Canada/U.S. multi-jurisdictional disclosure system. These documents may be accessed for free by visiting SEDAR at www.sedar.com or EDGAR at www.sec.gov. A written prospectus relating to the Offering may be obtained upon request in Canada by contacting RBC Capital Markets, Distribution Centre, RBC Wellington Square, 8th Floor, 180 Wellington St. W.,   Toronto, Ontario, M5J 0C2 ...