Toronto Stock Exchange: G
New York Stock Exchange: GG
Goldcorp Acquires Investment In Osisko
Vancouver, British Columbia, August 10, 2009 � Goldcorp
Inc. (NYSE: GG; TSX: G) announced today that it
has acquired 8,462,500 common shares of Osisko Mining Corporation (�Osisko�) and 4,271,500 common share purchase warrants of Osisko on the TSX. Each warrant is exercisable for one common share of Osisko for $5.45 per share until November
17, 2009.
The securities acquired represent approximately 3.2%, of
the outstanding common shares of Osisko before giving effect
to the exercise of the warrants and approximately 4.8% of the outstanding
shares of Osisko after giving effect
to the exercise of the warrants acquired
by Goldcorp (but before the
exercise of any other warrants or convertible securities
of Osisko). After giving effect to the transaction,
Goldcorp beneficially owns or exercises control or
direction over 33,842,500 common
shares (approximately 12.9%
of the outstanding common shares) and 4,271,500 warrants. Goldcorp
has acquired the common shares and warrants of Osisko for
investment purposes. Goldcorp has no present intention
to increase its holdings in
Osisko although it will evaluate the investment in Osisko and whether to increase or decrease its shareholdings in response to market conditions,
the business and prospects of Osisko and other factors.
A copy of the early warning report to be filed in connection
with this transaction may be obtained
from Jeff Wilhoit, Vice President, Investor Relations of Goldcorp at (604) 696-3000.
Cautionary Note Regarding Forward-Looking Statements
This press release contains
�forward-looking statements�, within the meaning of the United States Private
Securities Litigation Reform
Act of 1995 and applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Goldcorp�s
intention to with respect to its
shareholdings in Osisko.
Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as �plans�, �expects� or �does not expect�, �is expected�,
�scheduled�, �intends�, �anticipates� or �does not anticipate�, or �believes�, or
variations of such words
and phrases or state that certain actions, events or results �may�, �could�, �would�, �might� or �will be taken�,
�occur� or �be achieved�. There can be no assurance that such statements will prove to be
accurate, as future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Goldcorp does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in accordance with applicable securities laws.
For further information, please
contact:
Jeff Wilhoit
VP, Investor Relations
Goldcorp Inc.
3400-666 Burrard Street
Vancouver, British Columbia, V6C 2X8
Telephone: (604) 696-3074
Fax: (604) 696-3001
e-mail: info@goldcorp.com
website: www.goldcorp.com