Consolidated Thompson Closes Bought Deal Financing of $93M

On April 27, 2009, Consolidated Thompson Iron Mines Limited closed its bought deal financing of 35,650,000 common shares, which includes the exercise in full of the over-allotment option, at a price of $2.60 per common share for aggregate gross proceeds to the Company of $92,690,000. The company plans to use the net proceeds from the offering towards the costs associated with completing construction on the Bloom Lake project and for general working capital and corporate purposes.

Macquarie Capital Markets Canada Ltd. was the lead underwriter in a syndicate that included Canaccord Capital Corporation, GMP Securities L.P., BMO Nesbitt Burns Inc., Clarus Securities Inc. and Dundee Securities Corporation.

Cassels Brock & Blackwell LLP acted for the company with a team that included John Vettese, Chad Accursi and Nancy Choi (securities) and Christopher Norton (tax). Stikeman Elliott LLP acted for the underwriters with a team that included Maurice Swan, Wendy Yu and Elise Lenser (securities).


Maurice J. Swan Chad Accursi John P. Vettese Nancy Choi Christopher B. Norton Wendy S. Yu Elise Lenser