VANCOUVER, British Columbia,
June 30, 2015 /PRNewswire/ --
Tahoe Resources Inc. (Tahoe) (TSX: THO, NYSE: TAHO, BVL:
THO) announced today the closing of the previously announced
secondary offering of Tahoe shares beneficially held by Goldcorp
Inc. (Goldcorp) (TSX: G, NYSE: GG). A total of 58,051,692 Tahoe
common shares beneficially held by Goldcorp were sold at an
offering price of CAD$17.20 per share
(the Offering). The Offering was completed through a syndicate of
underwriters led by GMP Securities L.P. and BMO Nesbitt Burns Inc.
acting as joint bookrunners and including CIBC World Markets Inc.,
HSBC Securities (Canada) Inc., RBC
Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc.,
Citigroup Global Markets Canada Inc., Credit Suisse Securities
(Canada), Inc., Goldman Sachs
Canada Inc., Laurentian Bank Securities Inc., Merrill Lynch Canada
Inc., Morgan Stanley Canada Ltd., Beacon Securities Limited,
Canaccord Genuity Corp., Cormark Securities Inc., Dundee Securities
Ltd., Macquarie Capital Markets Canada Ltd., Paradigm Capital Inc.
and Raymond James Ltd.
As a result of the Offering, Goldcorp no longer owns any common
shares of Tahoe. Tahoe did not receive any proceeds from the
Offering.
About Tahoe Resources Inc.
Tahoe's strategy is to responsibly operate precious metals
mines, to pay significant shareholder dividends and to grow by
developing long-term, low-cost assets in the Americas. Tahoe is a
member of the S&P/TSX Composite and TSX Global Mining indices
and the Russell 3000 on the NYSE. The Company is listed on the TSX
as THO and on the NYSE as TAHO and has received a provisional
listing on the Bolsa de Valores in Peru.
Tahoe Cautionary Note Regarding Forward-Looking
Statements
This news release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation, and
"forward-looking statements" within the meaning of the United
States Private Securities Litigation Reform Act of 1995
(collectively referred to as "forward-looking information"). The
use of any of the words "expect", "optimize", "update" and similar
expressions are intended to identify forward-looking information or
statements.
In respect of the forward-looking statements, Tahoe has provided
them in reliance on certain assumptions that they believe are
reasonable at this time. Since forward-looking information
addresses future events and conditions, by its very nature it
involves inherent risks and uncertainties, many of which are beyond
Tahoe's control. These include, but are not limited to, results of
exploration activities and development of mineral properties; the
interpretation of drilling results and other geological data; the
uncertainties of resource and reserve estimations; receipt and
security of mineral property titles; receipt of licenses to conduct
mining activities; country risks and civil unrest; the timing and
possible outcome of pending litigation; delays or changes in plans
with respect to exploration or development projects or capital
expenditures; cost overruns or unanticipated costs and expenses;
uncertainties inherent to feasibility and other economic studies;
health, safety and environmental risks; precious metal prices and
other commodity price and exchange rate fluctuations; marketing and
transportation; loss of markets; environmental risks; competition;
incorrect assessment of the value of acquisitions; ability to
access sufficient capital from internal and external sources;
changes in legislation, including but not limited to, mining
regulations, tax laws, royalties and environmental regulations; and
risks inherent to operating in developing countries.
Readers are cautioned that the foregoing list of factors is not
exhaustive. Additional information on other risks and factors that
could affect the operations or financial results of Tahoe are
included in reports on file with applicable securities regulatory
authorities, including but not limited to, Tahoe's Annual
Information Form dated March 11,
2015, Rio Alto's Annual
Information Form dated March 13, 2015
and Tahoe's short form prospectus dated June
23, 2015, each of which may be accessed on Tahoe's SEDAR
profile at www.sedar.com.
The forward-looking statements and information contained in this
news release are made as of the date hereof and Tahoe does not
undertake any obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events, or results or otherwise, other than
as required by applicable securities laws.
For further information, please contact:
Tahoe Resources Inc.
Ira M. Gostin, Vice President
Investor Relations
investors@tahoeresourcesinc.com
Tel: 775-448-5807
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SOURCE Tahoe Resources Inc.