(All Amounts in U.S. dollars unless stated otherwise)
VANCOUVER, March 3, 2014 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) announced today that the legal action commenced by Osisko Mining Corporation ("Osisko") in the Quebec Superior Court has been resolved based on an agreement reached between Goldcorp and Osisko. Pursuant to the agreement, Osisko has agreed to provide Goldcorp full due diligence access to its business and assets immediately following the announcement of any transaction outside the normal course of its business, or in any event, no later than April 1, 2014. Osisko has also agreed to waive its shareholder rights plan no later than April 14, 2014. Goldcorp has agreed not to take up and pay for any Osisko shares under its offer until April 15, 2014.
"I am pleased that the shareholders of both companies will finally have certainty regarding the timing of the offer and that Osisko shareholders will have the ability to exercise their rights to maximize value," said Chuck Jeannes, Goldcorp President & CEO. "This agreement will avoid the possibility of further delays in the completion of our offer that could have arisen from appeals of the pending litigation and the operation of Osisko's shareholder rights plan."
The full details of the offer are set out in the takeover bid circular (the "Circular") and related documents that were filed by Goldcorp with the Canadian provincial securities regulators and are available for review on Goldcorp's website at www.goldcorp.com and on SEDAR under Osisko's profile at www.sedar.com.Goldcorp encourages securityholders of Osisko to read the full details of the offer set forth in the Circular, which contains the full terms and conditions of the offer and other important information, as well as detailed instructions on how Osisko shareholders can tender their Osisko shares to the offer. For assistance in depositing Osisko shares to the offer, Osisko shareholders should contact the Depositary, CST Trust Company, who can be contacted at 1-800-387-0825 toll free in North America or at 416-682-3860 outside of North America or by e-mail at firstname.lastname@example.org; or the Information Agent, D.F. King, who can be contacted at 212-269-5550 for all banks and brokerage firms or at 1-800-290-6431 toll-free for all others or by email at email@example.com. For additional information on Goldcorp's offer for Osisko, please visit the Company's website at www.goldcorp.com. About Goldcorp 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.