Press Release
June 20, 2016
VANCOUVER, June 20, 2016 – GOLDCORP INC. (TSX: G, NYSE: GG) announces that it has entered into an agreement to acquire 10,884,880 common shares (“Shares”) of Independence Gold Corp. (“Independence Gold”) at a price of C$0.1333 per share for an aggregate purchase price of C$1,450,954.50 (the “Private Placement”).
The 10,884,880 Shares represent approximately 19.9% of the current issued and outstanding Shares of Independence Gold.
The Shares trade on the TSX Venture Exchange under the symbol “IGO”. The Shares will be issued from treasury pursuant to a donation arrangement private placement. Prior to the completion of the Private Placement, Goldcorp did not hold any Shares of Independence Gold. Following the completion of the Private Placement, Goldcorp will own 10,884,880 Shares representing approximately 19.9% of the issued and outstanding Shares of Independence Gold. The Shares are being acquired for investment purposes. Goldcorp will evaluate its investment in Independence Gold from time to time and may, based on such evaluation of market conditions and other circumstances, increase or decrease shareholdings as circumstances require.
This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report respecting the Private Placement will be filed on System for Electronic Document Analysis and Review at www.sedar.com under Independence Gold’s issuer profile. In order to obtain a copy of the early warning report, please contact Randall Chatwin, Assistant General Counsel at Goldcorp, at telephone number: 604-696-3000.
About Goldcorp
Goldcorp is a global senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines.
Lynette Gould, Director, Investor Relations, Goldcorp Inc., Telephone: (604) 695-1446, Fax: (604) 696-3001, E-mail: info@goldcorp.com, www.goldcorp.com
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