TSX: G NYSE: GG
(All Amounts in Canadian dollars unless stated otherwise)
VANCOUVER, Dec. 15, 2015 /CNW/ - GOLDCORP INC. (TSX:
G, NYSE: GG) would like to remind holders of shares of Canplats
Resources Corporation ("Canplats"), that the sunset clause on
exchanging Canplats shares for cash consideration expires on
February 4, 2016 ("Deadline").
On February 4, 2010 ("Effective
Date"), Goldcorp completed the acquisition of all the outstanding
shares of Canplats under a Plan of Arrangement.
Under the Plan of Arrangement, holders of Canplats shares were
entitled to receive $4.60 in cash for
each Canplats Shares held. In addition, holders of Canplats
share were entitled to receive a distribution from Canplats of one
share in a new exploration company ("Newco") with a notional value
of $0.20 for total consideration of
$4.80 per share.
Under the Plan of Arrangement, the sunset clause provision
provides that any certificate that represented outstanding Canplats
shares immediately before the effective date of the Plan of
Arrangement and which has not been surrendered on or before the
Deadline, will cease to represent any claim against or interest of
any kind or nature in Canplats, Newco or Goldcorp and any persons
who tender certificates for Canplats shares after the sixth
anniversary of the Effective Date will not receive any cash or
other compensation and will not own any interest in Canplats or
Newco.
To receive cash consideration and the certificates representing
Newco shares, registered Canplats shareholders must submit their
Canplats share certificates, together with completed letters of
transmittal, to the depository, Computershare Investor Services
Inc. ("Computershare"), (P.O. Box 7021, 31 Adelaide Street East,
Toronto, Ontario M5C 3H2,
Attention: Corporate Actions) or by hand/courier (100
University Avenue, 9th Floor, North Tower, Toronto, Ontario M5J 2Y1, Attention:
Corporate Actions). Registered Canplats shareholders who have
not received letters of transmittal should contact Computershare at
1-800-564-6253 or (514) 982-7555.
About Goldcorp
Goldcorp is a leading gold producer focused on responsible
mining practices with safe, low-cost production throughout the
Americas. A portfolio of long-lived, high-quality assets
positions the Company to deliver long-term value.
Cautionary Note Regarding Forward Looking
Statements
This press release contains "forward-looking statements", within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 Section 21E of the United States Securities
Exchange Act of 1934, as amended, Section 27A of the United States
Securities Act of 1933, as amended and applicable Canadian
securities legislation, concerning the business, operations and
financial performance and condition of Goldcorp Inc. ("Goldcorp").
Forward-looking statements include, but are not limited to,
statements with respect to the future price of gold, silver,
copper, lead and zinc, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing
and amount of estimated future production, costs of production,
targeted cost reductions, capital expenditures, free cash flow,
costs and timing of the development of new deposits, success of
exploration activities, development at existing mines, permitting
timelines, hedging practices, currency exchange rate fluctuations,
requirements for additional capital, government regulation of
mining operations, environmental risks, unanticipated reclamation
expenses, the completion of technical studies and reports, timing
and possible outcome of pending litigation, title disputes or
claims and limitations on insurance coverage. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects", "is
expected", or "does not expect", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "does not
anticipate", "believes" or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or
the negative connotation thereof.
Forward-looking statements are necessarily based upon certain
estimates and assumptions and other important factors that, if
untrue, could cause the actual results, performances or
achievements of Goldcorp to be materially different from future
results, performances or achievements expressed or implied by such
statements. Such statements and information are based on
numerous estimates and assumptions regarding present and future
business strategies and the environment in which Goldcorp will
operate in the future, including the price of gold, anticipated
costs and ability to achieve goals. Certain important factors that
could cause actual results, performances or achievements to differ
materially from those in the forward-looking statements include,
among others, gold price volatility, discrepancies between actual
and estimated production, mineral reserves and resources and
metallurgical recoveries, mining operational and development risks,
increased costs, delays, suspensions and technical challenges
associated with capital projects, litigation risks, regulatory
restrictions (including environmental regulatory restrictions and
liability), activities by governmental authorities (including
changes in taxation), delays, suspension and technical challenges
associated with capital projects, higher prices for fuel, steel,
power, labour and other consumables, currency fluctuations, the
speculative nature of gold exploration, the global economic
climate, dilution, share price volatility, competition, loss of key
employees, additional funding requirements and defective title to
mineral claims or property. Although Goldcorp has attempted
to identify important factors that could cause actual actions,
events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other important factors that may cause the
actual results, level of activity, performance or achievements of
Goldcorp to be materially different from those expressed or implied
by such forward-looking statements, including but not limited to:
risks related to the integration of acquisitions; risks related to
international operations, including economic and political
instability in foreign jurisdictions in which Goldcorp operates;
risks related to current global financial conditions; risks related
to joint venture operations; actual results of current exploration
activities; environmental risks; future prices of gold, silver,
copper, lead, zinc and other commodities; possible variations in
ore reserves, grade or recovery rates; mine development and
operating risks; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing or in the completion of development or construction
activities; risks related to indebtedness and the service of such
indebtedness, as well as those factors discussed in the section
entitled "Description of the Business – Risk Factors" in Goldcorp's
annual information form for the year ended December 31, 2014 available at www.sedar.com and
the United States Securities and Exchange Commission at
www.sec.gov. Although Goldcorp has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Forward-looking
statements are made as of the date hereof and accordingly are
subject to change after such date. Except as otherwise
indicated by Goldcorp, these statements do not reflect the
potential impact of any non-recurring or other special items or of
any dispositions, monetizations, mergers, acquisitions, other
business combinations or other transactions that may be announced
or that may occur after the date hereof. Forward-looking
statements are provided for the purpose of providing information
about management's current expectations and plans and allowing
investors and others to get a better understanding of our operating
environment. Goldcorp does not undertake to update any
forward-looking statements that are included or incorporated by
reference in this document, except in accordance with applicable
securities laws.
SOURCE Goldcorp Inc.