MIME-Version: 1.0 Server: CERN/3.0pre6 Date: Thursday, 20-Nov-97 21:58:02 GMT Content-Type: text/html Content-Length: 1436 Last-Modified: Friday, 22-Dec-95 19:46:28 GMT
Goldcorp Inc. today announced that it has proposed to the Board of Directors of Wharf Resources Ltd. that Wharf amalgamate with a wholly-owned subsidiary of Goldcorp by way of a statutory plan of arrangement. The proposed amalgamation provides for the holders of Wharf's Common Shares to receive 0.56 Class A Subordinate Voting Shares of Goldcorp for each Wharf Common Share.
Goldcorp currently holds 9,670,111 (50.3%) of the outstanding Common Shares of Wharf.
The proposed amalgamation is subject to receipt of all necessary regulatory, shareholder and judicial approvals.
For further information, please contact:
Robert R. McEwen
Chairman, President and
Chief Executive Officer
(416) 865-0326
Email: goldcorp@interlog.com
Stock Symbols:
TSE ("G.A.", "G.B.")
ME ("G.A.", "G.B.")
NYSE ("GG.A", "GG.B")