(All Amounts in U.S. dollars unless stated otherwise)
VANCOUVER, April 16, 2014 /CNW/ - GOLDCORP INC. (TSX: G), (NYSE: GG) announced that a notice is being delivered today to Osisko Mining
Corporation ("Osisko") pursuant to Osisko's advance notice bylaw of an
intention to nominate John P. Bell, Beverley A. Briscoe, Peter J. Dey,
Douglas M. Holtby, Timo S. Jauristo, Charles A. Jeannes, Clement A.
Pelletier, P. Randy Reifel, Ian W. Telfer, Blanca Treviño and Kenneth
F. Williamson (the "Goldcorp nominees") for election to the Board of
Directors of Osisko at Osisko's upcoming annual and special meeting to
be held on May 20, 2014.
All of the Goldcorp nominees other than Clement Pelletier, who is
nominated for election as a director of Goldcorp at its upcoming annual
and special meeting, are currently directors or officers of Goldcorp.
All of the Osisko shares Goldcorp acquires pursuant to its outstanding
offer will be voted in favour of the Goldcorp nominees.
On April 10, 2014, Goldcorp increased its previous offer to acquire all
of the outstanding common shares of Osisko to C$7.65 per Osisko share
for a total consideration of approximately C$3.6 billion.
The Goldcorp offer is being made by means of, and subject to, the terms
and conditions set out in the Offer and Circular dated January 14,
2014, as amended by the Notice of Extension and Variation dated April
10, 2014 that has been filed with Canadian provincial regulators and
sent by Goldcorp to Osisko shareholders (the "Circular"). The Circular
is available for review on Goldcorp's website at www.goldcorp.com and
on SEDAR under Osisko's profile at www.sedar.com.
Goldcorp encourages securityholders of Osisko to read the full details
of the offer set forth in the Circular, which contains the full terms
and conditions of the offer and other important information, as well as
detailed instructions on how Osisko shareholders can tender their
Osisko shares to the offer. For assistance in depositing Osisko shares
to the offer, Osisko shareholders should contact the Depositary, CST
Trust Company, who can be contacted at 1-800-387-0825 toll free in
North America or at 416-682-3860 outside of North America or by e-mail
at inquiries@canstockta.com; or the Information Agent, D.F. King, who can be contacted at
212-269-5550 for all banks and brokerage firms or at 1-800-290-6431
toll-free for all others or by email at information@dfking.com.
For additional information on Goldcorp's offer for Osisko, please visit
the Company's website at www.goldcorp.com.
About Goldcorp
Goldcorp is one of the world's fastest growing senior gold producers.
Its low-cost gold production is located in safe jurisdictions in the
Americas and remains 100% unhedged.
Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements" and
"forward-looking information" within the meaning of the US Securities
Act, as amended, the US Exchange Act, as amended, and the United States
Private Securities Litigation Reform Act of 1995 with the intention of obtaining the benefits of the "safe harbour"
provisions of such laws and applicable Canadian securities Laws
concerning the proposed transaction and the business, operations and
financial performance and condition of Goldcorp Inc. ("Goldcorp") and Osisko Mining Corporation ("Osisko").
Forward-looking statements include, but are not limited to, statements
with respect to the anticipated timing, mechanics, completion and
settlement of the formal offer (the "Offer") to acquire all of the
outstanding common shares of Osisko, the market for and listing of the
common shares of Goldcorp, the value of the common shares of Goldcorp
received as consideration under the Offer, the ability of Goldcorp to
complete the transactions contemplated by the Offer, reasons to accept
the Offer, the purpose of the Offer. Generally, these forward-looking
statements can be identified by the use of forward-looking terminology
such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes", or
the negative of these terms or other variations of these terms or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "should", "might", "seeks"
or "will", "occur" or "be achieved" or the negative of these terms or
other variations of these terms or comparable language, or by
discussion of strategy or intentions.
Forward-looking statements are made based upon certain assumptions and
other important factors that could cause Goldcorp's actual results,
performance or achievements to be materially different from future
results, performances or achievements expressed or implied by such
statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and the
environment in which Goldcorp will operate in the future, including
that Goldcorp will be successful in acquiring 100% of the issued and
outstanding common shares of Osisko, that all required third party
regulatory and governmental approvals to the transaction will be
obtained and all other conditions to completion of the transaction will
be satisfied or waived, the price of gold and silver, anticipated costs
and the ability to achieve goals. Many of these assumptions are based
on factors and events that are not within the control of Goldcorp and
there is no assurance they will prove to be correct. Although Goldcorp
believes its expectations are based upon reasonable assumptions and 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.
The foregoing factors are not intended to represent a complete list of
the factors that could affect Goldcorp and the acquisition of Osisko by
Goldcorp. Additional factors are noted elsewhere in the Offer and
Circular dated January 14, 2014 that has been filed under Osisko's
profile on www.sedar.com and in the documents incorporated by reference therein.
Goldcorp does not intend or undertake to publically update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except in accordance with applicable
securities laws. Any forward-looking statements of facts related to
Osisko discussed or disclosed herein are derived from Osisko's publicly
filed documents or records.
This press release does not constitute an offer to buy or an invitation
to sell, or the solicitation of an offer to buy or invitation to sell,
any securities of Goldcorp or Osisko. Such an offer may only be made
pursuant to an offer and take-over bid circular Goldcorp intends to
file with the Canadian securities regulators and pursuant to
registration or qualification under the securities laws of any other
such jurisdiction.
SOURCE Goldcorp Inc.