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Re: News Release - Tuesday, January 19, 2010
Independent Proxy Advisory Firm RiskMetrics Recommends Canplats
Securityholders Vote in Favour of the Arrangement with Goldcorp
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Canplats Resources Corporation (TSX-V: CPQ) ("Canplats" or the
"Company") is pleased to announce that RiskMetrics Group (formerly
Institutional Shareholders Services) ("RiskMetrics"), Canada's leading
independent proxy advisory firm, has published a report recommending
that its clients holding Canplats securities vote in favour of the
acquisition of Canplats by Goldcorp Inc. ("Goldcorp") by way of a plan
of arrangement (the "Arrangement"), as announced on December 29, 2009.
Under the terms of the Arrangement, holders of common shares of
Canplats, including common shares issued under the Arrangement in
exchange for the "in-the-money" value of options and warrants, will
receive, for each common share held, C$4.60 in cash and a common share
of Camino Minerals Corporation, a new exploration company, with a
notional value of C$0.20.
As indicated in the supplemental management information circular (the
"Supplemental Circular") dated January 14, 2010, the Board of Directors
of Canplats recommends that Canplats securityholders vote in favour of
the resolution approving the Arrangement at the special meeting of the
securityholders of Canplats with respect to the Arrangement (the
"Canplats Meeting"). The Supplemental Circular sets out the reasons
for the Board of Directors' recommendation and also contains other
information concerning the Arrangement. Securityholders are encouraged
to read the Supplemental Circular carefully in its entirety. The
Supplemental Circular can be obtained from the Company's website at
www.canplats.com or under the Company's profile on the SEDAR website at
www.sedar.com. This announcement is for informational purposes only
and does not constitute an offer to purchase common shares or a
solicitation of a proxy.
The Canplats Meeting is scheduled for Thursday, January 28, 2010 at
2:00 at the Pan Pacific Vancouver, Ocean View Room, located at 300 -
999 Canada Place, Vancouver, British Columbia. The record date for
determination of the securityholders entitled to receive notice of, and
vote at, the Canplats Meeting has been fixed as 5:00 p.m. (Vancouver
time) on December 14, 2009.
Proxy Voting Deadline
The deadline for the deposit of proxies for use at the Canplats Meeting
is 2:00 p.m. (Vancouver time) on January 26, 2010. Voting instruction
forms will have to be submitted earlier than forms of proxy.
Securityholders who have already properly completed and deposited a
proxy or submitted a voting instruction form do not have to take any
further action to vote their securities, unless they wish to change
their voting instructions.
Securityholders who have completed and deposited a form of proxy or
submitted a voting instruction form but wish to change their voting
instructions should complete and deposit a new proxy or submit a new
voting instruction form reflecting the change in the form of proxy or
voting instruction form. Securityholders who have not already completed
and deposited a form of proxy or submitted a voting instruction form
should do so as soon as possible.
Proxies can be deposited and voting instruction forms can be submitted,
including changes to voting instructions, either by telephone or
internet. Securityholders are encouraged to use the quickest and
easiest method possible to execute their vote and should contact
Kingsdale Shareholder Services Inc. (in North America, by telephone
(toll-free) at (888) 518-6812) for assistance.
For further information, contact:
Corporate Information:
Canplats Resources Corporation
R.E. Gordon Davis
Chairman and C.E.O.
Direct: (604) 629-8292
Canplats Resources Corporation
Bruce A. Youngman
President and C.O.O.
Direct: (604)-629-8293
Investor Inquiries:
Blaine Monaghan
Director, Investor Relations
Direct: (604) 629-8294
Toll-Free: (866) 338-0047
info@canplats.com
http://www.canplats.com
Kingsdale Shareholder Services Inc.
Toll-Free: (888) 518-6812
Fax: (416) 867-2271
contactus@kingsdaleshareholder.com
G2 Consultants Corporation
NA Toll-Free: (866) 742-9990
Tel: (604) 742-9990
Fax: (604) 742-9991
canplats@g2consultants.com
To receive Canplats' news releases, contact Blaine Monaghan, Director,
Investor Relations, at info@canplats.com or (866) 338-0047.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical fact
are forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995 and forward-looking
information under the provisions of Canadian securities laws
(collectively, "forward-looking statements"). Such forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from estimated results. Such risks
and uncertainties include, but are not limited to, the company's
ability to raise sufficient capital to fund development, changes in
economic conditions or financial markets, changes in prices for the
company's mineral products or increases in input costs, litigation,
legislative, environmental and other judicial, regulatory, political
and competitive developments in Mexico, technological and operational
difficulties or inability to obtain permits encountered in connection
with exploration and development activities, labour relations matters,
and changing foreign exchange rates, all of which are described more
fully in the company's filings with the Securities and Exchange
Commission and on SEDAR. The company undertakes no obligation to
publicly update or otherwise revise any forward-looking statements,
whether as a result of new information, future events or other factors,
except as required by law. Readers are cautioned not to place undue
reliance on forward-looking statements.
Permission to refer to the RiskMetrics report was neither sought nor
obtained.
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Copyright (c) 2010 CANPLATS RESOURCES CORPORATION. (CPQ) All rights
reserved. For more information visit our website at
http://www.canplats.com/ or send mailto:info@canplats.com
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Canplats Resources Corp.
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DEVELOPMENT STAGE |
CODE : CPQ.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Canplats Res. is a zinc and lead development stage company based in Canada. Canplats Res. develops zinc, lead, gold and silver in Mexico, and holds various exploration projects in Mexico. Its main asset in development is CAMINO ROJO in Mexico and its main exploration properties are MECATONA, EL RINCON MEXICO, MAIJOMA EL ALAMO, YERBABUENA and RODEO in Mexico. Canplats Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 274.3 millions as of today (US$ 274.8 millions, € 200.4 millions). Its stock quote reached its lowest recent point on December 30, 2002 at CA$ 0.04, and its highest recent level on May 30, 2008 at CA$ 5.43. Canplats Res. has 57 627 000 shares outstanding. |