TSX: G NYSE: GG
(All Amounts in $US unless stated otherwise)
VANCOUVER, Feb. 16, 2013 /PRNewswire/ - GOLDCORP INC. (TSX: G), (NYSE: GG) reports that through its wholly-owned subsidiary, Goldcorp USA Inc., it has received 22,059,000 common shares (the "Shares") in the capital of Delta Gold Corporation (formerly ADR Capital Corp.) ("Delta") pursuant to a reverse takeover transaction involving Delta Gold Inc. that was completed on February 13, 2013 (the "Transaction") as described in the Filing Statement of Delta dated December 28, 2012 and filed on www.sedar.com. The Shares received by Goldcorp pursuant to the Transaction represent approximately 11.5% of the 191,171,258 issued and outstanding common shares of Delta, and have an estimated value of $2.5 million. Pursuant to the Transaction, each Delta Gold Inc. common share was exchanged for 4.4118 common shares of Delta.
Goldcorp previously received 5,000,000 common shares of Delta Gold Inc. as a first payment for the granting of an option to Delta Gold Inc. to purchase the 100% Goldcorp-owned Imperial project, located in California, USA in June of 2012.Subject to compliance with applicable securities laws in respect of the resale of the Shares, Goldcorp may purchase, sell or acquire securities of Delta in the future on the open market or in private transactions, depending on market conditions and other factors material to its investment decisions. This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). For further information and to obtain a copy of the Early Warning Report filed in connection with the Transaction, please see Delta's profile on the SEDAR website at www.sedar.com or contact: Anna M. Tudela Vice President, Regulatory Affairs and Corporate Secretary Goldcorp Inc. Suite 3400-666 Burrard Street Vancouver, B.C. Canada V6C 2X8 Telephone: (604) 696-3000 Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV