GOLDCORP GG today
announced that it will not amend its offer to acquire all of the outstanding
common shares of Osisko Mining Corporation ("Osisko"). The offer will expire
at 11:59 pm on April 22, 2014.
"We stated from the beginning of this process that we would remain disciplined
with respect to our offer to acquire Osisko, and our decision not to amend the
offer is consistent with that commitment," said Chuck Jeannes, Goldcorp
President and Chief Executive Officer. "We move forward with an outstanding
portfolio of mines and projects, and our focus will remain on maximizing the
value of our investments and generating strong returns for our shareholders."
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.
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