Goldcorp announces secondary sale of 8.42M Primero Mining shares

theflyonthewall.com

Goldcorp (GG) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Scotiabank, pursuant to which the underwriters have agreed to purchase from Goldcorp, on a bought deal basis, 8,422,460 Common Shares of Primero Mining Corp.(PPP) at a price of C$5.25 per Common Share for aggregate gross proceeds to Goldcorp of C$44,217,915. The offering represents the sale of approximately 9% of Goldcorp's interest in Primero and immediately following the offering, Goldcorp will own an aggregate of 31,151,200 Common Shares of Primero, representing approximately 32% of the issued and outstanding shares of Primero. Primero will not receive any proceeds from the offering.

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