Thunderbird Announces Termination of Offering of Common Stock
(Thomson Reuters ONE) - AMSTERDAM, THE NETHERLANDS--(Marketwire - October 19, 2009) -Thunderbird Resorts Inc. ("Thunderbird" or "Group") (FRANKFURT:4TR)(EURONEXT: TBIRD) announced on 29 September 2009 that it launcheda public offering and private placement of up to 75,000,000 shares ofits common stock (or 86,250,000 shares of its common stock if theover-allotment is exercised) with an offer price range of $1.00 to$1.25 per common share (the "Offering"). The Group further announcedthat the subscription period for prospective investors commenced on30 September 2009 and was to end on 14 October 2009 at 17:00 hoursAmsterdam time, subject to acceleration or extension of the timetablefor the Offering. Furthermore, on 13 October 2009 the Group electedto extend the subscription period from 14 October 2009 at 17:00 hoursAmsterdam time to 22 October 2009 at 13:00 hours Amsterdam time.As of 19 October 2009, due to market feedback, the Offering of commonstock will not be consummated and is therefore terminated. Aspreviously reported, the Group will continue its efforts torestructure its debt, working to secure modified maturity dates wherepossible. However, there can be no assurance we will be able tosuccessfully refinance existing indebtedness or obtain additional newfinancing on satisfactory terms, or at all.ABOUT THUNDERBIRDWe are an international provider of branded casino and hospitalityservices, focused on markets in Central and South America, SoutheastAsia, Eastern Europe and India. Our mission is to "createextraordinary experiences for our guests." Additional informationabout the Group is available on its World Wide Web site atwww.thunderbirdresorts.com.Cautionary Notice: This release contains certain forward-lookingstatements within the meaning of the securities laws and regulationsof various international, federal, and state jurisdictions. Allstatements, other than statements of historical fact, includedherein, including without limitation, statements regarding closing ofthe Offering, future plans and objectives of the Group areforward-looking statements that involve risk and uncertainties. Therecan be no assurances that such statements will prove to be accurateand actual results could differ materially from those anticipated insuch statements. Important factors that could cause actual results todiffer materially from the Group's forward-looking statements includecompetitive pressures, unfavorable changes in regulatory structures,and general risks associated with business, all of which aredisclosed under the heading "Risk Factors" and elsewhere in theGroup's documents (including the Prospectus) filed from time-to-timewith the Euronext Amsterdam and other regulatory authorities.This announcement is an advertisement for the purposes of Article 3of Directive 2003/71/EC (the "Prospectus Directive") and itsimpletion in any relevant Member State of the European Economic Areathat have implemented the Prospectus Directive ("Relevant MemberStates") and not a prospectus for the purposes of the ProspectiveDirective and its impletion in any Relevant Member State andinvestors should not subscribe for or purchase any securitiesreferred to in this announcement except on the basis of informationin the prospectus (the "Prospectus") to be published by Thunderbirdon 30 September 2009 in connection with the offer and admission ofthe Offer Shares in the capital of Thunderbird to listing and tradingon Euronext Amsterdam.Copies of the Prospectus are available free of charge from ING BankN.V., van Heenvlietlaan 220, 1083 CN Amsterdam, the Netherlands, andthrough the website of Euronext (www.euronext.com) by Dutch residentsonly and through the website of the Netherlands Authority forFinancial Markets (www.afm.nl).This announcement does not constitute, or form part of, an offer orinvitation to sell or issue, or any solicitation of an offer topurchase or subscribe for securities and any subscription for orpurchase of, or application for securities of Thunderbird to beissued or sold in connection with the Offering should only be made onthe basis of information contained in the Prospectus and anysupplements thereto.This announcement is not for distribution, directly or indirectly, inor into the United States (including its territories and possessionsand the District of Columbia). This announcement does not constituteor form a part of any offer or solicitation of Thunderbird in theUnited States or in any other jurisdiction. The securities ofThunderbird have not been and will not be registered under the USSecurities Act. The securities of Thunderbird will not be offered orsold in the United States unless registered under the Securities Actor pursuant to an exemption from such registration. There will be nopublic offering of securities in the United States.Contacts:Thunderbird Resorts Inc.Kevin McDonaldInvestor Relations(507) 223-1234 (Panama)kevin.mcdonald(at)thunderbirdresorts.comThunderbird Resorts Inc.Michael G. FoxChief Financial Officer(507) 223-1234 (Panama)info(at)thunderbirdresorts.comwww.thunderbirdresorts.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 20.10.2009 - 20:45 Uhr
Sprache: Deutsch
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