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(All Amounts in U.S. dollars unless stated otherwise)
April 23, 2014 /PRNewswire/ -
(TSX: G) (NYSE: GG) today announced that the minimum tender condition of its offer for all of the issued and outstanding shares of Osisko Mining Corporation ("Osisko") was not met by the expiry time of
11:59 p.m. EDT on
April 22, 2014. Accordingly, Goldcorp's offer expired in accordance with its terms and Goldcorp did not take up any of the Osisko shares deposited pursuant to the offer. All Osisko shares deposited to the offer will be returned to the Osisko shareholders who deposited them.
The nominations of
John P. Bell,
Beverley A. Briscoe,
Peter J. Dey,
Douglas M. Holtby, Timo S. Jauristo,
Charles A. Jeannes,
Clement A. Pelletier,
P. Randy Reifel,
Ian W. Telfer, Blanca Treviño and
Kenneth F. Williamson for election to the Board of Directors of Osisko at Osisko's upcoming annual and special meeting to be held on
May 20, 2014 will be withdrawn.
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" and "forward-looking information" within the meaning of the US Securities Act, as amended, the US Exchange Act, as amended, and
the United StatesPrivate Securities Litigation Reform Act of 1995 with the intention of obtaining the benefits of the "safe harbour" provisions of such laws and applicable Canadian securities Laws concerning the proposed transaction and the business, operations and financial performance and condition of Goldcorp Inc. ("
Goldcorp") and Osisko Mining Corporation ("Osisko").
Forward-looking statements include, but are not limited to, statements with respect to the anticipated timing, mechanics, completion and settlement of the formal offer (the "Offer") to acquire all of the outstanding common shares of Osisko, the market for and listing of the common shares of Goldcorp, the value of the common shares of Goldcorp received as consideration under the Offer, the ability of Goldcorp to complete the transactions contemplated by the Offer, reasons to accept the Offer, the purpose of the Offer. 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", "anticipates", or "believes", or the negative of these terms or other variations of these terms or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might", "seeks" or "will", "occur" or "be achieved" or the negative of these terms or other variations of these terms or comparable language, or by discussion of strategy or intentions.