This exchange will be made pursuant to the terms of the respective
warrant indentures which govern the warrants and no further action of
those warrantholders will be required, including payment of the
respective warrant exercise price thereof or any other additional
consideration.r />
Each whole new warrant issued by Goldcorp entitles the holder to
purchase one common share of Goldcorp at an exercise price of
Cdn$45.75 at any time before 5:00 p.m. (Vancouver time) on June 9,
2011. The new warrants will begin trading on the Toronto Stock
Exchange and the New York Stock Exchange at the open on June 12, 2006
under the symbols G.WT.G and GGWS, respectively.
The First Warrants, Series A Warrants, Series B Warrants, Series C
Warrants and U.S. Dollar Warrants were de-listed from the Toronto
Stock Exchange effective at the close on June 9, 2006 and the Series A
Warrants and Series C Warrants were de-listed from the New York Stock
Exchange effective at the close on June 9, 2006.
Ian Telfer, President and Chief Executive Officer commented on the
warrant transaction stating, “This warrant transaction has been a
resounding success as evidenced by an average of 97% across all five
series of warrants being exercised. It simplifies Goldcorp’s capital
structure and strengthens its financial position. As a result of this
transaction, Goldcorp’s lines of credit outstanding will be reduced
from US$1.3 billion to US$850 million.”
A copy of the final short form prospectus dated May 5, 2006 relating
to the warrant transaction can be found at www.sedar.com as well as on
Goldcorp’s website at
www.goldcorp.com.
BMO Nesbitt Burns Inc. and GMP Securities L.P. acted as financial
advisors to Goldcorp with respect to the transaction.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state.
Goldcorp is the world’s lowest cost multi-million ounce gold producer.
Annualized gold production in 2006 is expected to be approximately 2
million ounces at a cash cost of approximately US$125 per ounce and
Goldcorp does not hedge its gold production.
Goldcorp to list 8,681,631 warrants June 12
2006-06-08 20:09 ET - Warrants Called to Trade
TSX bulletin 2006-0724
Further to the Toronto Stock Exchange bulletin No. 2006-0660 dated May
29, 2006,
up to 8,681,631 common share purchase warrants of Goldcorp Inc. will
be listed at
the open on Monday, June 12, 2006, under the following trading
information:
Warrant symbol: G.WT.G
Warrant Cusip No.: 380956 17 7
Designated market-maker: National Bank Financial Inc.
Other markets: It is expected that the new warrants will be listed on
the New York
Stock Exchange
Each new warrant will entitle the holder to purchase one common share
of the
company at a price equal to 150 per cent of the volume weighted
average trading
price of the common shares on the TSX for the five trading days ending
on June 9,
2006, rounded to the nearest 25 cents, at any time before 5 p.m.
(Vancouver time)
on June 9, 2011. The new warrants will be issued to holders of any of
the first
warrants (TSX: G.WT), Series A warrants (TSX: G.WT.A), Series B
warrants (TSX: G.
WT.B), Series C warrants (TSX: G.WT.C) and United States dollar
warrants (TSX: G.
WT.U) exercising their old warrants during the early exercise period
as an incentive
for holders of old warrants to participate in the offer by the company
to exercise
existing old warrants on or before June 9, 2006, under their existing
terms, to
receive, in addition to the common shares they are entitled to, a
fraction of a new
warrant for each series of warrants exercised during the early
exercise period.
The new warrants will be governed by the terms of a warrant indenture
dated May 5,
2006, between the company and CIBC Mellon Trust Co., as warrant agent.
The
warrant indenture provides for appropriate adjustments to the rights
of the holders of
new warrants in the event of stock dividends, subdivisions,
consolidations and other
forms of capital reorganization.
For each series of warrants where greater than 66-2/3 per cent of
warrantholders
have properly exercised during the early exercise period, each holder
of old warrants
of record as at the close on Friday, June 9, 2006, who has not
exercised its old
warrants will be mailed on or about June 16, 2006, a certificate
representing the
new warrants and a certificate representing common shares of the
company, to
which it is entitled, as set out in the bulletin. In this case
certificates representing old
warrants will become void and of no value.
No certificates representing fractional new warrants or fractional
common shares
will be issued.
Should fewer than 66-2/3 per cent of any series of warrants be
exercised on or prior
to 5 p.m. (Vancouver time) on June 9, 2006, the trading of any such
series of
warrants will continue on the TSX at the open on Monday, June 12,
2006, under the
current trading information for each such series of warrants. The TSX
will issue a
trader note before the open on June 12, 2006, announcing:
1. the exercise price of the new warrants;
2. the number of new warrants to be posted for trading;
3. the continuation of trading of each series of warrants where fewer
than 66-2/3
per cent of the series of warrants were exercised during the early
exercise period, if
any; and
4. the subsequent delisting of any series of warrants (which will be
halted from
trading at noon on June 9, 2006, as per TSX bulletin 2006-0660) where
greater than
66-2/3 per cent of any such series of warrants were exercised during
the early
exercise period.
Goldcorp warrants listed on the TSE
1999-05-12 10:00 MT - Warrants Called to Trade
TSE Bulletin 99-0581
Class A share purchase warrants in respect of 2.5 million Class A
subordinate voting shares of the company will be listed and posted for
trading at the opening on Thursday, May 13, 1999, in anticipation of
the closing of a prospectus offering involving such warrants.
The warrants are to be issued along with five million Class A shares
of the company in the form of units, each unit consisting of one Class
A share and one-half of one warrant, at a price of $10.00 per unit
pursuant to the terms of a prospectus dated May 6, 1999. Upon the
closing of the prospectus offering, the units will be immediately
separated into Class A shares and warrants.
Symbol: G.WT.A
Cusip No: 380956 12 8