Independent Proxy Advisory Firm RiskMetrics Recommends Canplats Securityholders Vote in Favour of the Arrangment With Goldcorp
January 19 2010 - 8:52PM
Marketwired
Canplats Resources Corporation (TSX VENTURE: CPQ) ("Canplats" or
the "Company") is pleased to announce that RiskMetrics Group
(formerly Institutional Shareholders Services) ("RiskMetrics"),
Canada's leading independent proxy advisory firm, has published a
report recommending that its clients holding Canplats securities
vote in favour of the acquisition of Canplats by Goldcorp Inc.
("Goldcorp") by way of a plan of arrangement (the "Arrangement"),
as announced on December 29, 2009.
Under the terms of the Arrangement, holders of common shares of
Canplats, including common shares issued under the Arrangement in
exchange for the "in-the-money" value of options and warrants, will
receive, for each common share held, C$4.60 in cash and a common
share of Camino Minerals Corporation, a new exploration company,
with a notional value of C$0.20.
As indicated in the supplemental management information circular
(the "Supplemental Circular") dated January 14, 2010, the Board of
Directors of Canplats recommends that Canplats securityholders vote
in favour of the resolution approving the Arrangement at the
special meeting of the securityholders of Canplats with respect to
the Arrangement (the "Canplats Meeting"). The Supplemental Circular
sets out the reasons for the Board of Directors' recommendation and
also contains other information concerning the Arrangement.
Securityholders are encouraged to read the Supplemental Circular
carefully in its entirety. The Supplemental Circular can be
obtained from the Company's website at www.canplats.com or under
the Company's profile on the SEDAR website at www.sedar.com. This
announcement is for informational purposes only and does not
constitute an offer to purchase common shares or a solicitation of
a proxy.
The Canplats Meeting is scheduled for Thursday, January 28, 2010
at 2:00 at the Pan Pacific Vancouver, Ocean View Room, located at
300 - 999 Canada Place, Vancouver, British Columbia. The record
date for determination of the securityholders entitled to receive
notice of, and vote at, the Canplats Meeting has been fixed as 5:00
p.m. (Vancouver time) on December 14, 2009.
Proxy Voting Deadline
The deadline for the deposit of proxies for use at the Canplats
Meeting is 2:00 p.m. (Vancouver time) on January 26, 2010. Voting
instruction forms will have to be submitted earlier than forms of
proxy. Securityholders who have already properly completed and
deposited a proxy or submitted a voting instruction form do not
have to take any further action to vote their securities, unless
they wish to change their voting instructions.
Securityholders who have completed and deposited a form of proxy
or submitted a voting instruction form but wish to change their
voting instructions should complete and deposit a new proxy or
submit a new voting instruction form reflecting the change in the
form of proxy or voting instruction form. Securityholders who have
not already completed and deposited a form of proxy or submitted a
voting instruction form should do so as soon as possible.
Proxies can be deposited and voting instruction forms can be
submitted, including changes to voting instructions, either by
telephone or internet. Securityholders are encouraged to use the
quickest and easiest method possible to execute their vote and
should contact Kingsdale Shareholder Services Inc. (in North
America, by telephone (toll-free) at (888) 518-6812) for
assistance.
To receive Canplats' news releases, contact Blaine Monaghan,
Director, Investor Relations, at info@canplats.com or (866)
338-0047.
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not
historical fact are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995 and
forward-looking information under the provisions of Canadian
securities laws (collectively, "forward-looking statements"). Such
forward-looking statements are subject to risks and uncertainties
which could cause actual results to differ materially from
estimated results. Such risks and uncertainties include, but are
not limited to, the company's ability to raise sufficient capital
to fund development, changes in economic conditions or financial
markets, changes in prices for the company's mineral products or
increases in input costs, litigation, legislative, environmental
and other judicial, regulatory, political and competitive
developments in Mexico, technological and operational difficulties
or inability to obtain permits encountered in connection with
exploration and development activities, labour relations matters,
and changing foreign exchange rates, all of which are described
more fully in the company's filings with the Securities and
Exchange Commission and on SEDAR. The company undertakes no
obligation to publicly update or otherwise revise any
forward-looking statements, whether as a result of new information,
future events or other factors, except as required by law. Readers
are cautioned not to place undue reliance on forward-looking
statements.
Permission to refer to the RiskMetrics report was neither sought
nor obtained.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Canplats Resources Corporation - Corporate Information
R.E. Gordon Davis Chairman and C.E.O. Direct: (604) 629-8292
Canplats Resources Corporation - Corporate Information Bruce A.
Youngman President and C.O.O. Direct: (604) 629-8293 Canplats
Resources Corporation - Investor Inquiries Blaine Monaghan
Director, Investor Relations Direct: (604) 629-8294 or Toll-Free:
(866) 338-0047 info@canplats.com www.canplats.com Kingsdale
Shareholder Services Inc. - Investor Inquiries Toll-Free: (888)
518-6812 (416) 867-2271 (FAX) contactus@kingsdaleshareholder.com G2
Consultants Corporation - Investor Inquiries (604) 742-9990 or NA
Toll-Free: (866) 742-9990 (604) 742-9991 (FAX)
canplats@g2consultants.com
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