Canadian Offer to Be Made Available to Canadian Shareholders of Wheaton River Shortly
July 14 2004 - 7:16PM
PR Newswire (US)
Canadian Offer to Be Made Available to Canadian Shareholders of
Wheaton River Shortly COEUR D'ALENE, Idaho, July 14
/PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation
(NYSE:CDE) today confirmed at the request of the British Columbia
Securities Commission that it has not yet made a formal offer to
Canadian shareholders of Wheaton River Minerals Ltd. (TSX: WRM;
Amex: WHT). As disclosed yesterday, Coeur has filed a Registration
Statement on Form S-4 with the United States Securities and
Exchange Commission. The offer to purchase in that form is being
mailed to shareholders of Wheaton with a U.S. mailing address but
is not available to Wheaton shareholders who are in Canada or whose
last address on the books of Wheaton is in Canada. The Canadian
offer to purchase, containing additional information required by
Canadian law (and, in Quebec, in the French language), is being
completed and will be filed with Canadian securities regulatory
authorities and made available as soon as practicable to Wheaton
shareholders in Canada. That offer to purchase will, as required by
Canadian law, be open for acceptance for at least 35 days from the
date on which it is mailed to Canadian shareholders. 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 The United States Securities and
Exchange Commission permits mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can
economically and legally extract or produce. We use the term
"resource" in this press release which the SEC guidelines strictly
prohibit us from including in our filings with the SEC. Investors
are urged to consider closely the disclosure in our Form 10-K for
the year ended December 31, 2003 and Form 10-Q for the quarter
ended March 31, 2004, which disclosure has not been amended or
superseded by the Canadian information set forth above. You can
review and obtain copies of that filing from the SEC website at
http://www.sec.gov/edgar.html. This document contains numerous
forward-looking statements relating to the Company's silver and
gold mining business. In addition, Coeur has proposed to enter into
a business combination transaction with Wheaton River Minerals Ltd.
The United States Private Securities Litigation Reform Act of 1995
provides a "safe harbor" for certain forward-looking statements.
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. Coeur's offer to purchase will be made to
Wheaton River shareholders only pursuant to tender offer material
as required by applicable law. Coeur has filed with the U.S.
Securities and Exchange Commission a Registration Statement on Form
S-4 and a Schedule TO. A separate form of documentation, containing
additional information required by Canadian law, will be filed with
Canadian securities regulatory authorities. This communication is
not a solicitation of a proxy from any security holder of Coeur or
Wheaton. YOU ARE URGED TO READ THE REGISTRATION STATEMENT, THE
SCHEDULE TO AND ANY OTHER RELEVANT DOCUMENTS, INCLUDING PROXY
SOLICITATION MATERIALS, FILED WITH THE SEC AND CANADIAN SECURITIES
REGULATORY AUTHORITIES, BECAUSE THEY CONTAIN IMPORTANT INFORMATION.
You can 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 the proxy
statement/prospectus (if and when it becomes 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. Contacts: James A. Sabala Chief Financial Officer
208-769-8152 Mitchell J. Krebs Vice President Of Corporate
Development 773-255-9808 Joele Frank / Judith Wilkinson Joele
Frank, Wilkinson Brimmer Katcher 212-355-4449 Dan Burch / Steve
Balet MacKenzie Partners, Inc. 212-929-5500 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, all
for Coeur d'Alene Mines Corporation Web site: http://www.coeur.com/
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