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Mining industry

Canplats Resources Corporation Receives Recommendation from RiskMetrics to Vote in Favor of Goldcorp Acquisition

Strategic Insights

— 1 min read

RiskMetrics, a leading independent proxy advisory firm, has published a report recommending that its clients holding Canplats Resources Corporation securities vote in favor of the acquisition by Goldcorp Inc. through a plan of arrangement. The acquisition was announced on December 29, 2009, and under the terms of the arrangement, Canplats securityholders will receive $4.60 in cash and a common share of Camino Minerals Corporation for each common share held. The Canplats Board of Directors has recommended that securityholders vote in favor of the resolution approving the arrangement at the special meeting scheduled for January 28, 2010. Securityholders are encouraged to carefully read the supplemental management information circular, available on Canplats' website and SEDAR, for more information.

Key Takeaways:

  • RiskMetrics has published a report recommending that its clients holding Canplats securities vote in favor of the Goldcorp acquisition.
  • The acquisition was announced on December 29, 2009, and securityholders will receive $4.60 in cash and a common share of Camino Minerals Corporation for each common share held.
  • The Canplats Board of Directors has recommended that securityholders vote in favor of the resolution approving the arrangement at the special meeting on January 28, 2010.
  • Securityholders are encouraged to carefully read the supplemental management information circular, available on Canplats' website and SEDAR, for more information.
  • The Canplats Meeting is scheduled for January 28, 2010, at 2:00 p.m. at the Pan Pacific Vancouver.
  • The record date for determination of securityholders entitled to receive notice of and vote at the Canplats Meeting is December 14, 2009.
  • Proxy voting deadline is January 26, 2010, at 2:00 p.m.

Statistics:

  • January 28, 2010: Special meeting date for Canplats securityholders.
  • $4.60: Cash consideration per common share held by Canplats securityholders.
  • $0.20: Notional value of common share of Camino Minerals Corporation offered to Canplats securityholders.
  • December 29, 2009: Announcement date of the Goldcorp acquisition.
  • December 14, 2009: Record date for determination of Canplats securityholders entitled to receive notice and vote at the special meeting.
  • 5:00 p.m. (Vancouver time): Deadline for depositing proxies for use at the Canplats Meeting.
  • January 14, 2010: Date of the supplemental management information circular.
  • January 26, 2010: Proxy voting deadline.

Sources:

  • Marketwire via COMTEX, January 19, 2010.
  • Canplats Resources Corporation, January 14, 2010 (supplemental management information circular).
  • SEDAR, Canplats Resources Corporation profile.

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