IMPORTANT
SPECIAL MEETING OF SHAREHOLDERS
Dear Fellow Coeur Shareholder:
As you may know, on May 3, 2007, the boards of directors of
Coeur dAlene Mines Corporation, Bolnisi Gold NL and
Palmarejo Silver and Gold Corporation, as well as a special
committee of independent directors of the Palmarejo board of
directors, unanimously approved definitive merger agreements,
which will create the worlds undisputed leader in silver.
Before we can complete the merger, we must obtain the
approval of the shareholders of all three companies and we are
writing to recommend that you vote FOR the merger.
Under the terms of the merger agreement, Coeur will acquire all
of the shares of Bolnisi, and all of the shares of Palmarejo not
owned by Bolnisi, in a transaction valued at approximately
US$1.1 billion. Upon closing, Bolnisi shareholders will
receive 0.682 Coeur shares for each Bolnisi share they own and
Palmarejo shareholders will receive 2.715 Coeur shares for each
Palmarejo share they own. In order to consummate the
transaction, Coeur will issue a total of approximately
261 million new shares. In addition, Bolnisi and Palmarejo
shareholders will receive a nominal cash payment equal to
A$0.004 (US$0.003) per Bolnisi share and C$0.004 (US$0.003) per
Palmarejo share.
YOUR VOTE
IS IMPORTANT
Your vote is extremely important regardless of the number of
shares you own. Whether or not you plan to attend the meeting,
please submit your enclosed proxy at your earliest convenience.
Internet and telephone voting options are also available and
easy to follow instructions may be found on your proxy.
Your board of directors unanimously recommends that you vote
FOR the adoption of an amendment to Coeurs
articles of incorporation to increase the authorized number of
shares and FOR the issuance of the shares required
to implement the merger transaction. Approval of each of these
proposals is a condition to completion of the transaction.
If you have any questions or require any assistance voting,
please call D.F. King & Co., Inc., which is assisting
your Company, (toll-free) at
(800) 901-0068
or (collect) at
(212) 269-5550.
Thank you for your cooperation and continued support.
On behalf of Coeurs board of
directors,
Dennis E. Wheeler
Chairman, President and Chief
Executive Officer
Coeur dAlene Mines
Corporation
Vote by Telephone
Call Toll-Free using
a
touch-tone telephone:
1-888-693-8683
Vote by Internet
Access the Website
and
cast your vote:
www.cesvote.com
Vote by Mail
Sign and return your
proxy in the postage-
paid envelope provided.