Goldcorp Supports Acquisition Of Primero Mining Corp By Northgate Minerals Corporation
Wednesday, 13 July 2011 13:18
Goldcorp Inc. agreed to support the proposed transaction by which Northgate Minerals Corporation will acquire all of the issued and outstanding shares of Primero Mining Corp.
The transaction will be effected through a plan of arrangement under the British Columbia Business Corporations Act.
Goldcorp controls 35.5% of the outstanding shares of Primero, and has agreed to vote its shares in support of the arrangement. Upon completion of the arrangement, Goldcorp will receive 46.7 million Northgate shares representing approximately 11% of Northgate's outstanding shares.