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Goldcorp Completes Sale of Camino Rojo Oxide Project
Nov. 08, 2017 09:08AM PST
Precious Metals Investing
GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp”) is pleased to announce the completion of the previously announced sale of its interest in the Camino Rojo oxide project, located in Zacatecas, Mexico to Orla Mining Limited (“Orla”). The closing follows receipt of Mexican anti-trust approval and the satisfaction of closing conditions customary in a transaction of this nature. As quoted in the …
GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp”) is pleased to announce the completion of the previously announced sale of its interest in the Camino Rojo oxide project, located in Zacatecas, Mexico to Orla Mining Limited (“Orla”). The closing follows receipt of Mexican anti-trust approval and the satisfaction of closing conditions customary in a transaction of this nature.
As quoted in the press release:
Pursuant to an asset purchase agreement entered into between Goldcorp and Orla (the “Transaction”), Goldcorp indirectly acquired 31,860,141 common shares of Orla (“Orla Shares”), which represents approximately 19.88% of the issued and outstanding Orla Shares immediately following the closing of the Transaction. Goldcorp did not own or control any Orla Shares prior to the completion of the Transaction.
