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(All Amounts in U.S. dollars unless stated otherwise)
TSX: G NYSE: GG
Jan. 20, 2014 /PRNewswire/ -
(TSX: G), (NYSE: GG) today announced it has reviewed the press release issued earlier this morning by Osisko Mining Corporation ("Osisko") (TSX: OSK, Deutsche Boerse: EWX) regarding Goldcorp's offer to Osisko shareholders. Goldcorp intends to respond fully following the filing of the Osisko Directors' Circular.
On January, 13, 2014 Goldcorp announced an offer to acquire Osisko for
C$5.95 per share in cash and shares. Under the terms of the offer, Osisko shareholders will be entitled to receive 0.146 of a Goldcorp common share plus
C$2.26 in cash for each Osisko common share. This offer represents a premium of 28% over the 20-day volume-weighted average share price of Osisko from all trading on Canadian exchanges for the period ending
January 10, 2014. The Offer is open for acceptance until
5:00 p.m. EST on
February 19, 2014, unless extended or withdrawn.
Osisko shareholders and other interested parties are advised to read the Offer and Take Over Bid Circular and other materials relating to the offer that have been filed by Goldcorp with the securities regulatory authorities in
Canada as they contain important information. Anyone may obtain copies of these documents free of charge at the Canadian Securities Administrators' website at
www.sedar.com. For additional information on Goldcorp's offer for Osisko, please visit the Company's website at
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.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements", within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation, concerning the business, operations and financial performance and condition of Goldcorp Inc. ("Goldcorp"). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "seeks", "anticipates", "believes" or variations or comparable language of such words and phrases or statements that certain actions, events or results "may", "could", "would", "should", "might", or "will", "occur" or "be achieved" or the negative connotation thereof.