update on takeover of wheaton river.

  1. 22,691 Posts.
    PRESS RELEASES February 11, 2005

    Goldcorp Shareholders Overwhelmingly Say 'Yes' To Wheaton Combination!
    2005-02-10 10:50:00 EST

    TORONTO, ONTARIO--(CCNMatthews - Feb. 10, 2005) - GOLDCORP INC. (TSX:G)(NYSE:GG) announced that the company's shareholders have overwhelmingly voted in favour of the Wheaton River Minerals Ltd. transaction. At a shareholders' meeting today, 77,129,100 shares voted in favour of the transaction, representing over 65% of the votes cast, and 41,317,030 shares voted against (a total of 118,871,053 shares were voted representing 62.57% of the shares of the company).

    Rob McEwen, Chairman and CEO of Goldcorp, said, "We would like to thank our shareholders for approving the combination of Goldcorp and Wheaton River and making their voices heard in deciding the future of their company. Our 'New Goldcorp' will be the lowest-cost million-ounce gold producer in the world! With a low risk profile, world-class assets and an exceptional balance sheet, the New Goldcorp will be uniquely positioned in the gold industry. It is a great day for Goldcorp and Wheaton River; together we have exceptional people, world-class assets and a strong commitment to continue to grow shareholder value." "Today's outcome proves once again that our shareholders are smart investors who recognize the inherent value in the Wheaton River transaction," McEwen continued.

    Comment: Wheaton will decide on Febr 14. It seems a done deal. Glamis misses out!
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