Market Overview

Goldcorp Announces Secondary Offering of Primero Mining Shares

Share:
Related GGP
Smart Beta REIT ETF: The New S&P Equal-Weight Real Estate Index
Credit Suisse On Shopping Centers: 2 Downgrades & 2 Top REIT Picks
Macy's Downgraded On Same-Store Sales 'Rut' (Investor's Business Daily)

GOLDCORP (NYSE: GG) is pleased to announce that it has entered into an agreement with a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase from Goldcorp, on a bought deal basis, 8,422,460 Common Shares of Primero Mining Corp. at a price of C$5.25 per Common Share for aggregate gross proceeds to Goldcorp of C$44,217,915. The offering represents the sale of approximately 9% of Goldcorp's interest in Primero and immediately following the offering, Goldcorp will own an aggregate of 31,151,200 Common Shares of Primero, representing approximately 32% of the issued and outstanding shares of Primero. Primero will not receive any proceeds from the offering.

Posted-In: News Offerings

 

Related Articles (GG + GGP)

Around the Web, We're Loving...

Get Benzinga's Newsletters