Vancouver, British Columbia: April 18, 2005 – Goldcorp Inc. (TSX: G)
(NYSE: GG) is pleased to announce that its merger with Wheaton River
Minerals Ltd. was completed on April 15, 2005.
Wheaton shares and Wheaton warrants were delisted from the TSX and
the AMEX at the end of the day on April 15, 2005. Goldcorp shares were
issued under the plan of arrangement and will replace outstanding
Wheaton shares on the basis of 0.25 of a Goldcorp share for each Wheaton
share.
Under the plan of arrangement, Wheaton Series A, B and
Common Share Purchase warrants become Goldcorp Series A, B and C
warrants, respectively.
Warrantholders are not required to surrender their current Wheaton
warrant certificates. Certificates formerly representing Wheaton
warrants are now deemed to represent Goldcorp warrants to purchase 0.25
of a Goldcorp share.
All three series of warrants began trading today at market open on
the Toronto Stock Exchange and the Goldcorp Series A and Series C
Warrants began trading on the NYSE at the same time.
The warrant trading symbols and terms are summarized as follows:
|
Former Symbols |
Terms |
New Symbols |
Terms |
|
TSX |
|
TSX |
|
|
WRM.WT |
1 wt + C$1.65, Expiry 5/30/07 |
G.WT.C |
4 wts + C$6.60, Expiry 5/30/07 |
|
WRM.WT.A |
1 wt + C$1.65, Expiry 5/30/07 |
G.WT.A |
4 wts + C$6.60, Expiry 5/30/07 |
|
WRM.WT.B |
1 wt + C$3.10, Expiry 8/25/08 |
G.WT. B |
4 wts + C$12.40, Expiry 8/25/08 |
|
AMEX |
|
NYSE |
|
|
WHT.WS |
1 wt + C$1.65, Expiry 5/30/07 |
GG.WS.C |
4 wts + C$6.60, Expiry 5/30/07 |
|
WHT.WS.A |
1 wt + C$1.65, Expiry 5/30/07 |
GG.WS.A |
4 wts + C$6.60, Expiry 5/30/07 |
Note: Goldcorp has two existing warrants trading on the Toronto Stock
Exchange: G.WT (1 warrant entitles the holder to purchase 2.08 shares
of Goldcorp at C$10 per share, until May 13, 2009), and G.WT.U (1
warrant entitles holder to purchase 2.08 shares of Goldcorp at US$12.50
per share, until April 30, 2007).
Goldcorp is the world’s lowest cost million ounce gold producer, with
2005 gold production expected to exceed 1.1 million ounces of gold at a
cash cost of less than US$60 per ounce. By 2007, gold production is
expected to grow to over 1.5 million ounces. Goldcorp has a strong
balance sheet with approximately US$450 million in cash and equivalents,
and no debt.
For further information, please contact:
Julia Hasiwar
Director, Investor Relations
Goldcorp Inc.
1560-200 Burrard Street
Vancouver, British Columbia, V6C 3L6
Telephone: 604-696-3011
Fax: (604) 696-3001
e-mail: info@goldcorp.com
website: www.goldcorp.com
|