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Placer Dome announces pricing of equity offering
All amounts in U.S. dollars
VANCOUVER, Nov. 9 /PRNewswire-FirstCall/ -- Placer Dome Inc. (NYSE, TSX, ASX:
PDG) has executed an underwriting agreement with respect to its previously
announced equity offering at $22 per share. The pricing will result in the
issuance of approximately 18.5 million common shares, not including an option
granted to the underwriters to purchase up to approximately 2.7 million common
shares at $22 per share to cover over-allotments, if any. The offering is
expected to close on November 23, 2004.
Net proceeds from the offering will be used for general corporate purposes,
which may include funding of new project development and other capital
expenditures.
CIBC World Markets and Scotia Capital are lead managers for the offering, and
Deutsche Bank Securities Ltd., HSBC Securities (Canada) Inc., Merrill Lynch
Canada Inc., UBS Securities Canada Inc., BMO Nesbitt Burns Inc., J.P. Morgan
Securities Inc., GMP Securities Ltd., National Bank Financial Inc. and Salman
Partners Inc. are co-managers.
A preliminary prospectus and related documents have been filed with securities
regulatory authorities in all provinces of Canada. Copies may be obtained from:
CIBC World Markets Inc.
161 Bay Street, 6th Floor
Toronto, ON M5J 2S8
Fax: (416) 594-7242
or
Scotia Capital Inc.
40 King Street West
Scotia Plaza, 65th Floor
Toronto, ON M5W 2X6
Tel: (416) 862-5837
Attention: Equity Capital Markets
A preliminary prospectus has also been filed with the U.S. Securities and
Exchange Commission under the multijurisdictional system. Copies may be
obtained from:
CIBC World Markets Corp.
417 Fifth Avenue
New York, NY 10016
Fax: (212) 667-6136
e-mail
or
Scotia Capital (USA) Inc.
1 Liberty Plaza, 25th Floor
165 Broadway
New York, NY 10006
Tel: (212) 225-6500
Attention: Mr. Grant Harder
A registration statement relating to these securities has been filed with the
U.S. Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This announcement shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any offer of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state or
other jurisdiction.
Vancouver-based Placer Dome Inc. operates 17 mines in seven countries. The
company's shares trade on the Toronto, New York, Swiss and Australian stock
exchanges and Euronext-Paris under the symbol PDG.
For further information please contact:
Investor Relations: Greg Martin (604) 661-3795
Media Relations: Joe Danni (604) 661-1941
Head Office
Suite 1600, Bentall IV
1055 Dunsmuir Street
(PO Box 49330,
Bentall Postal Station)
Vancouver, British Columbia
Canada V7X 1P1
Tel: (604) 682-7082
Fax: (604) 682-7092
On the internet: http://www.placerdome.com/
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CAUTIONARY NOTE
Some of the statements contained in this report are forward-looking statements,
such as estimates and statements that describe Placer Dome's future plans,
expectations, objectives or goals, including words to the effect that Placer
Dome or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as "believes",
"anticipates", "intends", "expects", "estimates", "may", "could", "would",
"will" or "plan". Such forward-looking statements are made pursuant to the safe
harbour provisions of the United States Private Securities Litigation Reform
Act of 1995. Since forward-looking statements are based on assumptions and
address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Actual results relating to, among other
things, mineral reserves, resources, results of exploration, reclamation and
other post-closure costs, capital costs, mine production costs, taxes, and
Placer Dome's financial condition and prospects, could differ materially from
those currently anticipated in such statements by reason of factors such as the
productivity of Placer Dome's mining properties, the speculative nature of
mining exploration and development activities, changes in general economic
conditions and conditions in the financial markets, including changes to the
interest rate on borrowings, changes in demand and prices for the minerals
Placer Dome produces, changes in the worldwide price of other commodities such
as diesel fuel and electricity, litigation, environmental, legislative and
other judicial, regulatory, political and competitive developments in domestic
and foreign areas in which Placer Dome operates, technological and operational
difficulties encountered in connection with Placer Dome's mining activities,
labour relations matters, costs and changing foreign exchange rates and other
matters discussed under "Management's Discussion and Analysis" or detailed in
Placer Dome's filings with securities regulatory authorities. This list is not
exhaustive of the factors that may affect any of Placer Dome's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on Placer Dome's forward-looking statements.
Further information regarding these and other factors which may cause results
to differ materially from those projected in forward-looking statements are
included in the filings by Placer Dome with the U.S. Securities and Exchange
Commission and Canadian provincial securities regulatory authorities. Placer
Dome does not undertake to update any forward-looking statement that may be
made from time to time by Placer Dome or on its behalf, except in accordance
with applicable securities laws.
DATASOURCE: Placer Dome Inc.
CONTACT: Investor Relations: Greg Martin, (604) 661-3795; Media
Relations: Joe Danni, (604) 661-1941; Head Office, Suite 1600, Bentall IV,
1055 Dunsmuir Street, (PO Box 49330, Bentall Postal Station), Vancouver,
British Columbia, Canada, V7X 1P1, Tel: (604) 682-7082, Fax: (604) 682-7092;
On the internet: http://www.placerdome.com/;
Archived images on this organization are available through CNW E-Pix at
http://www.newswire.ca/. Images are free to members of The Canadian Press.