BRIEF-Osisko Mining settles litigation with Goldcorp

Mon, 03 Mar - 11:56pm

March 3 (Reuters) - Osisko Mining Corp OSK.TO :

* Osisko settles litigation with Goldcorp: Goldcorp agrees to

extend offer to April 15, 2014

* Says Osisko has agreed to waive the application of its shareholder rights

plan on the earlier to occur of April 15, 2014

* Goldcorp has agreed not to take up and pay for shares deposited to its

hostile take-over bid prior to April 15, 2014

* Says settlement also contemplates that no alternative transaction can be

closed prior to April 15, 2014

* Pursuant to settlement, Goldcorp agreed not to take up and pay for shares

deposited to its hostile take-over bid prior to April 15, 2014

* Osisko has agreed to provide Goldcorp access to due diligence materials

beginning on the earlier to occur of April 1, 2014

* Deadlines may be abbreviated if Osisko announces value maximizing alternative

to goldcorp's bid prior to April 15, 2014

* Source text for Eikon News Search ID:nMKWszpnHa

* Further company coverage OSK.TO

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140303:nASB08DSB:10
Topics: 
RES MET CMPNY CA PREC MINE BLR DEAL1 LEN MRG RTRS BACT MIN GDM RESF BMAT MTAL AMERS

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com