Wheaton Precious Metals Corp. announced that the Company has filed a new prospectus supplement in connection with its existing at-the-market equity program (“ATM Program”) that allows the Company to issue up to US$300 million (or the equivalent in Canadian dollars determined using the daily exchange rate posted by the Bank of Canada 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) in 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 the United States, 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.
Wheaton intends to use the net proceeds from the ATM Program, if any, for funding precious metals purchase agreements (“PMPAs”) and/or other general corporate purposes, including the repayment of indebtedness. To date, no Common Shares have been issued through the ATM program.
Sales of Common Shares through the ATM Program will be made pursuant to the terms of an ATM equity offering sales agreement dated April 16, 2020, as amended on May 12, 2021 (the “Sales Agreement”), entered into among the Company, BofA Merrill Lynch, BMO Capital Markets, RBC Dominion Securities Inc., Scotiabank, CIBC Capital Markets, TD Securities, National Bank Financial Markets, Eight Capital, Raymond James Ltd. and Canaccord Genuity (the “Canadian Agents”) and BofA Securities, BMO Capital Markets, RBC Capital Markets, LLC, Scotiabank, MUFG and Mizuho Securities (the “U.S. Agents” and, together with the Canadian Agents, the “Agents”). The ATM Program will be effective until the date that all Common Shares available for issue under the ATM Program have been issued or the ATM Program is terminated prior to such date by the Company or the Agents.
The ATM Program is being conducted pursuant to a prospectus supplement dated May 12, 2021 (the “Canadian Prospectus Supplement”) to the Company’s Canadian base shelf prospectus dated April 22, 2021 (the “Canadian Shelf Prospectus”) filed with the securities commissions in each of the provinces and territories of Canada and pursuant to a prospectus supplement dated May 12, 2021 (the “U.S. Prospectus Supplement”) to the Company’s U.S. base prospectus dated April 22, 2021 (the “U.S. Base Prospectus”) included in its registration statement on Form F-10 (the “Registration Statement”) and filed with the U.S. Securities and Exchange Commission (the “SEC”). The Canadian Prospectus Supplement, the Canadian Shelf Prospectus and the Sales Agreement (including the amending agreement) may be downloaded from SEDAR at www.sedar.com, and the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are accessible via EDGAR on the SEC website at www.sec.gov. Alternatively, any of the following agents participating in the ATM Program will arrange to send you these documents if you request it by contacting, in Canada:
BofA Merrill Lynch by mail at 181 Bay Street, Suite 400, Toronto, Ontario M5J 2V8 Canada, by email at Dg.email@example.com or by telephone at 416-369-7400.
BMO Capital Markets by mail at Brampton Distribution Centre, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, attn: The Data Group of Companies, by email at firstname.lastname@example.org or by telephone at 905-791-3151 ext. 4312.
RBC Dominion Securities Inc. by mail at 180 Wellington Street West, 8th Floor, Toronto, ON M5J 0C2, attn: Distribution Centre, by email at Distribution.RBCDS@rbccm.com or by telephone at 416-842-5349.
Scotiabank by mail at Scotia Plaza, 62nd Floor, 40 King Street West, Toronto, Ontario M5H 3Y2, attn: Equity Capital Markets, by email at email@example.com or by telephone at 416-863-7704.
or in the United States:
BofA Securities by mail at 200 North College Street, 3rd floor, Charlotte NC 28255-0001, attn: Prospectus Department or by email at firstname.lastname@example.org.
BMO Capital Markets by mail at 3 Times Square, 25th Floor, New York, NY 10036, attn: Equity Syndicate, by email at email@example.com, or by telephone at 800-414-3627.
RBC Capital Markets, LLC by mail at 200 Vesey Street, 8th Floor, New York, NY 10281-8098, attn: Equity Syndicate, by email at firstname.lastname@example.org or by telephone at 877-822-4089.
Scotiabank by mail at 250 Vesey Street, 24th Floor, New York, New York, 10281, attn: Equity Capital Markets, by email at email@example.com or by telephone at 212-225-6853.
This news release does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of the Common Shares in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Wheaton Precious Metals Corp.
Wheaton is the world’s premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors commodity price leverage and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers amongst the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other mining investments. Wheaton creates sustainable value through streaming.