VANCOUVER, March 25, 2019 /PRNewswire/ - GOLDCORP INC.
(TSX: G, NYSE: GG) ("Goldcorp" or the "Company") announced
today that Newmont Mining Corporation (NYSE: NEM) ("Newmont") has
been granted clearance by the Comisión Federal de Competencia
Económica ("COFECE") with respect to its pending acquisition of
Goldcorp, as previously announced on January
14, 2019.
Goldcorp will be holding a special meeting (the "meeting") of
shareholders on April 4, 2019. The
purpose of the meeting is to seek approval for the proposed plan of
arrangement with Newmont, as previously announced on January 14, 2019.
Meeting materials, together with an investor presentation and
other information, are also available on Goldcorp's website and on
SEDAR at www.sedar.com and EDGAR at www.sec.gov.
Goldcorp encourages shareholders to read the meeting materials
in detail. To ensure that your Goldcorp shares will be represented
at the special meeting, shareholders should carefully follow the
voting instructions provided in the meeting materials. The deadline
for the receipt of proxies is 9:00am
PT on April 2, 2019.
Goldcorp expects that following a positive shareholder vote
on the scheduled dates, Newmont could complete the acquisition of
Goldcorp as of April 18,
2019.
Recommendation of the Board of Directors
After
consulting with its financial and legal advisors and following
careful consideration, the Board of Directors has unanimously
recommended that Goldcorp shareholders vote FOR the proposed plan
of arrangement with Newmont.
Shareholder Questions and Assistance
If you have any
questions or require assistance voting your shares, please contact
our proxy solicitation agent, Kingsdale Advisors, at 1-800-775-4067
toll-free in North America, or
call collect outside North America
at +1-416-867-2272, or by e-mail at
contactus@kingsdaleadvisors.com.
About Goldcorp www.goldcorp.com
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the United States Securities Act of
1933, as amended, Section 21E of the United States Exchange Act of
1934, as amended, the United States Private Securities Litigation
Reform Act of 1995, or in releases made by the United States
Securities and Exchange Commission, all as may be amended from time
to time, and "forward-looking information" under the provisions of
applicable Canadian securities legislation, concerning the
business, operations and financial performance and condition of
Goldcorp. Forward-looking statements include, but are not limited
to, statements relating to the expected timing and closing of the
proposed transaction, including receipt of required approvals and
satisfaction of other customary closing conditions; estimates of
future production, including expected annual production range and
reserve base; estimates of future capital expenditures; and
expectations of future plans and benefits. Generally, these
forward-looking statements can be identified by the use of words
such as "plans", "expects" , "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" , "believes", or
variations or comparable language of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "should", "might" or "will", "occur" or "be achieved" or
the negative connotation thereof.
Forward-looking statements are necessarily based upon a number
of factors and assumptions 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 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, delays or failure to obtain the
required approvals; competitive responses to the announcement of
the transaction; litigation or challenges to the proposed
transaction; changes to the current scientific and technical
information; permitting, development, operations and expansion of
Newmont's and Goldcorp's operations and projects being consistent
with current expectations and mine plans, including without
limitation receipt of export approvals; planning and integration
assumptions; gold price volatility, discrepancies between actual
and estimated production, mineral reserves and mineral resources
and metallurgical recoveries, mining operational and development
risks, litigation risks, regulatory restrictions (including
environmental regulatory restrictions and liability), changes in
national and local government legislation, taxation, controls or
regulations and/or change in the administration of laws, policies
and practices, expropriation or nationalization of property and
political or economic developments in Canada, the United
States and other jurisdictions in which the Company does or
may carry on business in the future, 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 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.
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:
the inherent uncertainty associated with financial or other
projections; the prompt and effective integration of Newmont's and
Goldcorp's businesses; the ability to achieve the anticipated
synergies and value-creation contemplated by the proposed
transaction; the risk associated with Newmont's and Goldcorp's
ability to obtain the approval of the proposed transaction by their
shareholders required to consummate the proposed transaction and
the timing of the closing of the proposed transaction, including
the risk that the conditions to the transaction are not satisfied
on a timely basis or at all and the failure of the transaction to
close for any other reason; the risk that a consent or
authorization that may be required for the proposed transaction is
not obtained or is obtained subject to conditions that are not
anticipated; the outcome of any legal proceedings that may be
instituted against the parties and others related to the
arrangement agreement; unanticipated difficulties or expenditures
relating to the transaction, the response of business partners and
retention as a result of the announcement and pendency of the
transaction; risks relating to the value of the Newmont's common
stock to be issued in connection with the transaction; the
anticipated size of the markets and continued demand for Newmont's
and Goldcorp's resources and the impact of competitive responses to
the announcement of the transaction; and the diversion of
management time on transaction-related issues as well as those
factors discussed in the section entitled "Description of the
Business – Risk Factors" in Goldcorp's most recent annual
information form available on SEDAR at www.sedar.com and on
EDGAR 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 disposition,
monetization, merger, acquisition, other business combination or
other transaction 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 Goldcorp's operating environment. Goldcorp
does not intend or undertake to publicly update any forward-looking
statements that are included in this document, whether as a result
of new information, future events or otherwise, except in
accordance with applicable securities laws.
For further information please contact:
INVESTOR
CONTACT
|
MEDIA
CONTACT
|
Shawn
Campbell
|
Christine
Marks
|
Director, Investor
Relations
|
Director, Corporate
Communications
|
Telephone: (800)
567-6223
|
Telephone: (604)
696-3050
|
E-mail:
info@goldcorp.com
|
E-mail:
media@goldcorp.com
|
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SOURCE Goldcorp Inc.