03:43 PM EST - Terrane Metals Corp. : announced that Thompson Creek Metals Company Inc. has entered into a definitive agreement to acquire all of the issued and outstanding equity of Terrane Metals. Under the Arrangement, holders of Terrane shares will receive $0.90 in cash and 0.052 Thompson Creek common shares per Terrane share. The consideration implies an offer value of $1.41 per Terrane share based on Thompson Creek's closing price on the Toronto Stock Exchange of $9.90 per share on July 14. The total value of the consideration offered to the shareholders of Terrane is about $650 million. Terrane Metals Corp.
shares V.TRX are trading up $0.18 at $1.35.
