2023-05-09 18:02:32 ET
- Wheaton Precious Metals ( NYSE: WPM ) on Tuesday said it has renewed its at-the-market equity program to issue up to US$300 million of its common shares.
- The issuance may also be conducted in Canadian dollars using the daily exchange rate posted by the Bank of Canada on the date of sale.
- Common shares in the ATM program will be sold in ordinary brokers' transactions on the NYSE or another U.S. marketplace, ordinary brokers' transactions on the TSX, or any other Canadian marketplace, among other things.
- Wheaton said it has not utilized the ATM program since its inception in April 2020 as a result of robust cash flows and access to debt.
- Wheaton intends to use the net proceeds for funding precious metals purchase agreements and/or other general corporate purposes, including the repayment of indebtedness.
- The company's previously announced ATM equity offering sales agreement dated April 16, 2020, as amended on May 12, 2021, was terminated.
- No common shares were issued through the previous ATM equity program.
- Press Release .
For further details see:
Wheaton Precious Metals renews US$300M ATM program