Coeur Urges All Wheaton River Shareholders To Vote Against IAMGold Proposal On Coeur's Green Proxy Card as Promptly as Possible
June 30 2004 - 4:37PM
PR Newswire (US)
Coeur Urges All Wheaton River Shareholders To Vote Against IAMGold
Proposal On Coeur's Green Proxy Card as Promptly as Possible Today
To Ensure Their Vote is Counted Coeur's Increased Offer is the
Clearly Superior Alternative COEUR D'ALENE, Idaho, June 30
/PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation
(NYSE:CDE) today urged shareholders of Wheaton River Minerals Ltd.
(TSX: WRM, Amex: WHT) to vote AGAINST the proposed IAMGold plan of
arrangement at the reconvened Special Meeting of Shareholders
scheduled for July 6, 2004. Dennis E. Wheeler, Chairman and Chief
Executive Officer of Coeur d'Alene, said, "Coeur's significantly
increased offer is without question the superior alternative for
Wheaton River and its shareholders. We are taking our offer
directly to Wheaton River shareholders and we are especially
pleased with their strong support. Based on yesterday's closing
stock prices, Coeur's offer provides Wheaton River shareholders
with C$4.48 per share in cash and stock compared to IAMGold's
proposal which only provides shareholders with C$3.95 per share in
stock. Coeur's offer represents a premium of 21% over Wheaton
River's closing stock price yesterday and is 13% higher than
IAMGold's proposal as of yesterday. "It is now in the hands of
Wheaton River shareholders to decide the future of their company.
The Wheaton River Board's continued rejection of Coeur's offer is
not credible. We believe that the Board has made it perfectly clear
from the outset that it is determined to proceed with IAMGold
without regard for the best interests of Wheaton River's
shareholders -- the true owners of the company. We urge Wheaton
River shareholders to defeat the IAMGold proposal to ensure that
they have the opportunity to accept Coeur's clearly superior offer.
Mr. Wheeler emphasized, "Wheaton River shareholders will have the
opportunity to accept Coeur's offer only if they defeat the IAMGold
proposal at the July 6th Special Meeting. We strongly recommend
that Wheaton River shareholders vote AGAINST the proposed IAMGold
transaction on Coeur's GREEN proxy card as promptly as possible
today to ensure their vote is counted." Last-Minute Voting
Instructions for Wheaton River Shareholders Wheaton River
shareholders using Coeur's GREEN proxy card or Wheaton River's form
of proxy are reminded that: * the deadline for CIBC Mellon to
receive proxies is prior to 11:00 a.m. (Toronto time) / 8:00 a.m.
(Vancouver time) on Friday, July 2, 2004. Wheaton River
shareholders are reminded that July 1, 2004 is a Canadian holiday.
* instructions must be delivered by their custodian bank, Trust
company, or brokerage firm or intermediary such as ADP to CIBC
Mellon at: In Toronto: CIBC Mellon Trust Company Attention: Proxy
Department 200 Queen's Quay East Unit 6 Toronto, Ontario M5K 4K9
FAX: 416-368-2502 In Vancouver: CIBC Mellon Trust Company
Attention: Proxy Department Suite 1600 1066 West Hastings Street
Vancouver, British Columbia V6E 3X1 FAX: 416-368-2502 Coeur
understands that arrangements have been made for CIBC Mellon's
Toronto office to be open for the deposit of proxies at 8:30 a.m.
(Toronto time) on July 2, 2004 and CIBC Mellon's Vancouver office
to be open for the deposit of proxies at 7:45 a.m. (Vancouver time)
on Friday July 2, 2004. Due to the Canada Day holiday, CIBC Mellon
Trust Company's offices in Toronto and Vancouver will not be open
for the delivery of proxies by courier or in person on July 1,
2004. Proxies may be deposited on July 1, 2004 by fax. If
shareholders have any questions about how to vote, revoke or change
their vote, please call MacKenzie Partners, Inc. at 1-800-322-2885
(toll-free) or 212-929-5500 (call collect). CIBC World Markets Inc.
and JP Morgan are acting as co-financial advisors to Coeur. Coeur
d'Alene Mines Corporation is the world's largest primary silver
producer, as well as a significant, low-cost producer of gold. The
Company has mining interests in Nevada, Idaho, Alaska, Argentina,
Chile and Bolivia. Cautionary Statement This document contains
numerous forward-looking statements relating to the Company's
silver and gold mining business. Such forward-looking statements
include the statements above as to the impact of the proposed
acquisition on both the combined entity and the Company's
stockholders. Such statements are subject to numerous assumptions
and uncertainties, many of which are outside the Company's control.
These include negotiation and completion of a formal transaction
agreement, governmental regulatory processes, the Company's ability
to successfully integrate the operations of Wheaton River,
assumptions with respect to future revenues, expected mining
program performance and cash flows and the outcome of
contingencies. Operating, exploration and financial data, and other
statements in this document are based on information the company
believes reasonable, but involve significant uncertainties as to
future gold and silver prices, costs, ore grades, estimation of
gold and silver reserves, mining and processing conditions, the
completion and/or updating of mining feasibility studies, changes
that could result from the Company's future acquisition 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 the Company's filings from time to time with the SEC,
including, without limitation, the Company's reports on Form 10-K
and Form 10-Q. Actual results and timetables could vary
significantly from the estimates presented. Readers are cautioned
not to put undue reliance on forward-looking statements. The
Company disclaims any intent or obligation to update publicly these
forward-looking statements, whether as a result of new information,
future events or otherwise. This communication is neither an offer
to purchase nor a solicitation of an offer to sell shares of
Wheaton River or Coeur. This communication is not a solicitation of
a proxy from any security holder of Coeur d'Alene Mines Corporation
or Wheaton River Minerals Ltd. YOU ARE URGED TO READ ALL TENDER
OFFER MATERIALS AND ANY RELATED PROXY STATEMENT/PROSPECTUS WHEN
THEY BECOME AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS WHEN FILED
WITH THE SEC AND THE SECURITIES COMMISSIONS OR EQUIVALENT
REGULATORY AUTHORITIES IN CANADA BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. You will be able to obtain such materials,
and any amendments and supplements thereto, (as they become
available) without charge at the SEC's website,
http://www.sec.gov/. In addition, you may obtain tender offer
materials and any related proxy statement/prospectus (as they
become available) and the other documents filed by Coeur with the
SEC by requesting them in writing from, 400 Coeur d'Alene Mines
Building, 505 Front Avenue, Coeur d'Alene, Idaho 83814, Attn:
Investor Relations, tel: (208) 667-3511. DATASOURCE: Coeur d'Alene
Mines Corporation CONTACT: James A. Sabala, Chief Financial
Officer, +1-208-769-8152, or Mitchell J. Krebs, Vice President Of
Corporate Development, +1-773-255-9808, both of Coeur d'Alene Mines
Corporation; or Joele Frank or Judith Wilkinson, both of Joele
Frank, Wilkinson Brimmer Katcher, +1-212-355-4449; or Dan Burch or
Steve Balet, both of MacKenzie Partners, Inc., +1-212-929-5500, for
Coeur d'Alene Mines Corporation Web site: http://www.coeur.com/
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