TransactionsGoldcorp Sells Remaining Interest in Morelos ProjectPublished: 04/13/2010 By Paul M. Stein, France M. Tenaille On February 24, 2010, Desarrollos Mineros San Luis, S.A. de C.V., a wholly-owned subsidiary of Goldcorp Inc., sold all of its shares in the capital of Minera Media Luna, S.A. de C.V. ("MML") representing 21.2% of the issued and outstanding shares of MML, to Gleichen Resources Ltd. for $52,000,000 payable in cash, pursuant to a share purchase agreement dated February 9, 2010. Gleichen now holds 100% of the issued and outstanding shares of MML through its subsidiary TGRXM S.A. de C.V. MML is the registered holder of a 100% interest in the Morelos gold project in Mexico. Paul Stein (Securities and Mining) and France Tenaille (Business Law and Mining) of Cassels Brock acted for Goldcorp Inc. |