Coeur to Recommence Tender Offer to Shareholders of Wheaton River
August 18 2004 - 1:59PM
PR Newswire (US)
Coeur to Recommence Tender Offer to Shareholders of Wheaton River
COEUR D'ALENE, Idaho, Aug. 18 /PRNewswire-FirstCall/ -- Coeur
d'Alene Mines Corporation (NYSE:CDE) announced that in view of the
delay encountered in mailing Coeur's offer to Wheaton River
Minerals Ltd. (TSX: WRM, Amex: WHT) shareholders in Canada, Coeur
has terminated the offer previously mailed to United States
shareholders of Wheaton River. Coeur expects to recommence its
offer and mail new offer documents to all Wheaton shareholders in
the United States and Canada simultaneously next week. This will
allow completion of the offer by the end of September. The terms
and conditions of the new offer will be unchanged, except that the
expiration date of the new offer will be set to a date not less
than 35 days from commencement in Canada and is expected to be
September 30, 2004. As of the close of business on August 17, 2004,
3,188,420 shares had been tendered pursuant to Coeur's offer. In
connection with the termination and planned recommencement of the
offer in the United States, any Wheaton shares previously tendered
will be returned promptly to tendering shareholders and thus will
need to be re-tendered in accordance with the new offer materials
if such shareholders desire to tender their shares in the offer.
Coeur also announced that it has filed its Quarterly Report on Form
10-Q for the six months ended June 30, 2004, and amended reports
for the quarter ended March 31, 2004 and the years ended December
31, 2003 and 2002 to reflect the restatement of results of
operations for those periods. The amended reports reflect an
increase in revenues and reduction of net loss by approximately
$0.4 million for 2002, $0.8 million for 2003 and $1.3 million for
the first quarter of 2004 from the amounts previously reported.
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. 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 and will file the offer materials mailed to
shareholders of Wheaton River in Canada with Canadian securities
regulators. YOU ARE URGED TO READ THE REGISTRATION STATEMENT, THE
SCHEDULE TO, THE OFFER AND CIRCULAR WHEN MAILED TO CANADIAN
SHAREHOLDERS AND ANY OTHER RELEVANT DOCUMENTS, 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/ (for
materials filed with the SEC) and on SEDAR, http://www.sedar.ca/
(for materials filed with Canadian securities regulators). In
addition, you may obtain offer materials and any related proxy
statement/prospectus (as they become available) and the other
documents filed by Coeur with the SEC and the Canadian securities
regulators 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 Judith Wilkinson /
Matthew Sherman 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, Mitchell J.
Krebs, Vice President Of Corporate Development, +1-773-255-9808,
both of Coeur d'Alene Mines Corporation; Judith Wilkinson or
Matthew Sherman, both of Joele Frank, Wilkinson Brimmer Katcher,
+1-212-355-4449; 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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