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Wheaton Precious Metals Announces Renewal Of Its At-The-Market Equity Program
Wheaton Precious Metals Announces Renewal Of Its At-The-Market Equity Program Canada Ne...
About this update from Wheaton Precious Metals Corp
[{"type":"text","content":"\n \n \n \n Wheaton Precious Metals Announces Renewal Of Its At-The-Market Equity Program\n \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 \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n \n May 9, 2023\n \n \n /CNW/ - Wheaton Precious Metals Corp. (\"Wheaton\" or the \"Company\") announced today that the Company has renewed its at-the-market equity program (the \"ATM Program\"). The ATM Program allows the Company to issue up to\n \n US$300 million\n \n (or the equivalent in Canadian dollars determined using the daily exchange rate posted by the Bank of\n \n Canada\n \n on the date of sale) of common shares (\"Common Shares\") from treasury to the public from time to time, at the Company's discretion and subject to regulatory requirements. Any Common Shares sold in the ATM Program will be sold (i) in ordinary brokers' transactions on the NYSE or another US marketplace on which the Common Shares are listed, quoted or otherwise trade, (ii) ordinary brokers' transactions on the TSX, (iii) on another Canadian marketplace on which the Common Shares are listed, quoted or otherwise trade, or (iv) with respect to sales in\n \n the United States\n \n , at the prevailing market price, a price related to the prevailing market price or at negotiated prices. Since the Common Shares will be distributed at the prevailing market prices at the time of the sale or certain other prices, prices may vary among purchasers and during the period of distribution.\n \n \n Wheaton has not utilized the ATM Program since its inception in\n \n April 2020\n \n as a result of robust cash flows and access to debt. Wheaton intends to use the net proceeds from the ATM Program, if any, where needed for funding precious metals purchase agreements (\"PMPAs\") and/or other general corporate purposes, including the repayment of indebtedness.\n \n \n Sales of Common Shares through the ATM Program, if any, will be made pursuant to the terms of an ATM equity offering sales agreement dated\n \n May 9, 2023\n \n (the \"Sales Agreement\") entered into among the Company, BofA Merrill Lynch, ...