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Goldcorp to buy Kaminak Gold for C$520 mln

Published 2016-05-12, 08:47 a/m
© Reuters.  Goldcorp to buy Kaminak Gold for C$520 mln
KAM
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May 12 (Reuters) - Goldcorp Inc G.TO GG.N said it would
buy Kaminak Gold Corp KAM.V for about C$520 million ($406
million), giving it the Coffee gold project south of Dawson
City, Yukon.
Vancouver-based Goldcorp will offer 0.10896 of a share for
each Kaminak share, or C$2.62 based on Goldcorp's Wednesday
close.
The offer price represents a premium of 32.3 percent to
Kaminak's Wednesday close.
($1 = C$1.28)

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