Senior Gold Producer Goldcorp (NYSE: GG) Announces The Completed Acquisition of Exeter Resource Corporation
Goldcorp ((TSX: G, NYSE: GG) is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines. Today Goldcorp announced the closing of the previously announced acquisition of all of the issued and outstanding common shares of Exeter Resource Corporation not already owned by Goldcorp by way of a court-approved plan of arrangement.
Pursuant to the Arrangement, Goldcorp acquired all of the issued and outstanding Exeter Shares not already owned by Goldcorp for consideration of 0.12 of a common share of Goldcorp for each outstanding Exeter Share. Goldcorp now owns 100% of the outstanding Exeter Shares. In connection with the Arrangement, Goldcorp will issue an aggregate of up to 1,896,145 Goldcorp Shares to former Exeter shareholders, who now hold approximately 0.22% of the 865,034,962 Goldcorp Shares issued and outstanding, on an undiluted basis.