TransactionsGoldcorp Acquires Canplats Resources for $308.5 MillionPublished: 04/21/2010 By Mark T. Bennett, Jeffrey P. Roy, Paul M. Stein, Jennifer Traub On February 4, 2010, Goldcorp Inc. completed the acquisition of Canplats Resources, securing for Goldcorp the Camino Rojo project near its world-class Peñasquito mine. Located approximately 50 kilometres southeast of Goldcorp’s Peñasquito mine, Camino Rojo nearly quadruples Goldcorp’s total land package in a core district. The acquisition was completed by way of a plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which all of the issued and outstanding shares of Canplats were transferred to 0756808 B.C. Ltd., a wholly-owned subsidiary of Goldcorp. Canplats shares were acquired by Goldcorp for $4.60 in cash per share. In addition, holders of Canplats shares received a distribution from Canplats of one share in a new exploration company with a notional value of $0.20 for total consideration of $4.80 per share, or approximately $308.5 million. Paul Stein (Securities and Mining), Mark Bennett (Securities and Mining), Jeff Roy (Securities), Jennifer Traub (Securities and Mining) and Jason MacIntosh (Securities) of Cassels Brock acted for Goldcorp Inc. |