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GOLDCORP INC. (TSE:G,NYSE:GG) announced the completion of its sale of the San Dimas gold-silver mine in Mexico to Primero Mining Corp. (CVE:P) (formerly Mala Noche Resources Corp.).
GOLDCORP INC. (TSX:G,NYSE:GG) announced the completion of its sale of the San Dimas gold-silver mine in Mexico to Primero Mining Corp. (TSXV:P) (formerly Mala Noche Resources Corp.).
The press release is quoted as saying:
Pursuant to the terms of the transaction, Goldcorp received an aggregate of 31,151,200 common shares of Primero representing approximately 36% of Primero’s issued and outstanding common shares, $216 million in cash, a $60 million 12-month convertible note bearing an annual interest rate of 3% and a $50 million 5-year promissory note bearing an annual interest rate of 6%.
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