ISS, Leading Proxy Advisory Firm, Recommends Coeur Shareholders Vote for Wheaton River Acquisition
September 15 2004 - 11:11AM
PR Newswire (US)
ISS, Leading Proxy Advisory Firm, Recommends Coeur Shareholders
Vote for Wheaton River Acquisition ISS Recognizes Financial and
Strategic Benefits of Transaction COEUR D'ALENE, Idaho, Sept. 15
/PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation
(NYSE:CDE) today announced that Institutional Shareholder Services
(ISS), a leading U.S. independent proxy advisory firm, recommended
that Coeur shareholders vote FOR the proposals to approve the
reorganization plan and issue shares that are necessary to complete
the acquisition of Wheaton River Minerals Ltd. (TSX: WRM, Amex:
WHT). Coeur shareholders are scheduled to vote at a Special Meeting
of Shareholders on September 30, 2004. In its September 14, 2004
report, ISS, which provides voting recommendations to hundreds of
major institutional investment firms, mutual funds, and other
fiduciaries, concluded that: "From Coeur shareholders' perspective,
and based on the financial and strategic benefits of this
transaction, we believe that the reorganization and increase in
authorized shares warrants shareholder support."* Dennis E.
Wheeler, Chairman and Chief Executive Officer of Coeur d'Alene,
said, "We are pleased that ISS recommends that Coeur shareholders
vote FOR the proposals necessary to complete the acquisition of
Wheaton River. This is an important development, which
independently confirms the many financial and strategic benefits we
see in a Coeur-Wheaton River combination. We remain committed to
completing the transaction and we urge all Coeur shareholders to
vote FOR these proposals so we can begin delivering the benefits of
the combination to shareholders of both companies." CIBC World
Markets Inc. and J.P. Morgan Securities Inc. are acting as dealer
managers for the Wheaton River offer. Wheaton River and Coeur
shareholders can obtain more information about the offer or about
the Special Meeting by contacting MacKenzie Partners, Inc., which
is serving as information agent, by calling (800) 322-2885
(toll-free) or (212) 929-5500 (collect). 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.
*Permission to use quotation from ISS was neither sought nor
obtained. 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 shareholders. 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 is being made to Wheaton River
shareholders only pursuant to tender offer material as required by
applicable law. This communication also is not a solicitation of
proxies from any securities holder of Coeur or Wheaton River. Coeur
has filed with the U.S. Securities and Exchange Commission a
Registration Statement on Form S-4 and a Schedule TO and has filed
the Canadian offer materials with Canadian securities regulators.
Coeur also has filed a registration statement on Form S-4 which
contains a combined proxy statement/prospectus relating to a
special meeting of Coeur shareholders to consider certain matters
relating to the proposed Coeur-Wheaton River combination and
includes information regarding the participants in the related
proxy solicitation. YOU ARE URGED TO READ THE REGISTRATION
STATEMENT, THE SCHEDULE TO, THE OFFER AND CIRCULAR MAILED TO
CANADIAN SHAREHOLDERS AND ANY OTHER RELEVANT DOCUMENTS, INCLUDING
PROXY 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/ (for materials filed with the SEC) and
on SEDAR, http://www.sedar.com/ (for materials filed with Canadian
securities regulators). In addition, you may obtain offer materials
and any related proxy statement/prospectus (as they become
available)materials 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 Tony Ebersole Investor Relations
800-523-1535 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, or Mitchell J. Krebs, Vice President Of
Corporate Development, +1-773-255-9808; or Tony Ebersole, Investor
Relations, 1-800-523-1535; or Judith Wilkinson, or Matthew Sherman,
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 Web site: http://www.coeur.com/
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