Coeur d'Alene and Bolnisi Extend Due Diligence Period
June 08 2007 - 9:00AM
PR Newswire (US)
COEUR D'ALENE, Idaho, June 8 /PRNewswire-FirstCall/ -- Coeur
d'Alene Mines Corporation (NYSE:CDENYSE:TSX:NYSE:CDM) today
announced that Bolnisi Gold NL (ASX:BSG) has agreed to extend
Coeur's due diligence period by 14 days under the Merger
Implementation Agreement relating to Coeur's proposed acquisition
of Bolnisi, which is part of a larger transaction that also would
result in Coeur's acquisition of Palmarejo Silver and Gold
Corporation (TSX-V: PJO). About Coeur d'Alene Coeur d'Alene Mines
Corporation is one of the world's leading primary silver producers
and a growing gold producer. The company has mining interests in
Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.
Cautionary Statement This press release contains forward-looking
statements within the meaning of securities legislation in the
United States and Canada, including statements regarding a possible
transaction and anticipated operating results. Such statements are
subject to numerous assumptions and uncertainties, many of which
are outside Coeur's control. Operating, exploration and other
statements in this press release are based on information that
Coeur believes is reasonable, but involve significant uncertainties
affecting the business of Coeur, including, but not limited to,
future gold and silver prices, costs, ore grades, estimation of
gold and silver reserves, mining and processing conditions,
construction schedules, currency exchange rates, and the completion
and/or updating of mining feasibility studies, changes that could
result from future acquisitions of new mining properties or
businesses, the risks and hazards inherent in the mining business
(including environmental hazards, industrial accidents, weather or
geologically related conditions), regulatory and permitting
matters, risks inherent in the ownership and operation of, or
investment in, mining properties or businesses in foreign
countries, as well as other uncertainties and risk factors set out
in filings made from time to time with the SEC and the Ontario
Securities Commission, including, without limitation, Coeur's
reports on Form 10-K and Form 10-Q. As disclosed in this press
release, there are risks that the parties will not proceed with the
transaction, that the ultimate terms of the transaction will differ
from those that currently are contemplated, and that the results,
developments and timetables could vary significantly from the
estimates presented. Readers are cautioned not to put undue
reliance on forward-looking statements. Coeur disclaims any intent
or obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, Coeur undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of Coeur, its financial or operating results or its
securities or the possible transaction. Additional Information The
proxy statement that Coeur plans to file with the United States
Securities and Exchange Commission ("SEC") and Ontario Securities
Commission and mail to its shareholders will contain information
about Coeur, Bolnisi, Palmarejo, the Palmarejo Project, the
transaction and related matters. Shareholders are urged to read the
proxy statement carefully when it is available, as it will contain
important information that shareholders should consider before
making a decision about the transaction. In addition to receiving
the proxy statement from Coeur by mail, shareholders will also be
able to obtain the proxy statement, as well as other filings
containing information about Coeur, without charge, from the SEC's
website (http://www.sec.gov/) and the Canadian securities
regulators' website (http://www.sedar.com/) or, without charge,
from Coeur. This announcement is neither a solicitation of a proxy,
an offer to purchase, nor a solicitation of an offer to sell shares
of Coeur. Coeur and its executive officers and directors may be
deemed to be participants in the solicitation of proxies from
Coeur's shareholders with respect to the proposed transaction.
Information regarding any interests that Coeur's executive officers
and directors may have in the transaction will be set forth in the
proxy statement. The Coeur shares to be issued in the transaction
have not been and will not be registered under the Securities Act
of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements. Coeur intends to issue such Coeur shares
pursuant to the exemption from registration set forth in Section
3(a)(10) of the Securities Act. Copies of the merger implementation
agreements and certain related documents will be filed with the SEC
and Canadian securities regulators and will be available at the
SEC's website at http://www.sec.gov/ and at the Canadian securities
regulators' website at http://www.sedar.com/. Contacts Coeur
Mitchell J. Krebs Senior Vice President - Corporate Development
(888) 545-1138 Tony Ebersole Director of Investor Relations (208)
665-0777 Matthew Sherman / Jennifer Schaefer Joele Frank, Wilkinson
Brimmer Katcher (212) 355-4449 DATASOURCE: Coeur d'Alene Mines
Corporation CONTACT: Mitchell J. Krebs, Senior Vice President -
Corporate Development of Coeur, +1-888-545-1138, Tony Ebersole,
Director of Investor Relations of Coeur, +1-208-665-0777; Matthew
Sherman or Jennifer Schaefer, both of Joele Frank, Wilkinson
Brimmer Katcher, +1-212-355-4449, for Coeur
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