Orko and Coeur Announce Election Report
Published : April 11, 2013
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VANCOUVER, BRITISH COLUMBIA and COEUR D'ALENE, IDAHO--(Marketwired - April 11, 2013) - Orko Silver Corp. ("Orko") (TSX VENTURE:OK)(OTCBB:OKOFF)(FRANKFURT:OG3) and Coeur d'Alene Mines Corporation ("Coeur") (TSX:CDM)(News - Market indicators) are pleased to provide an update regarding the consideration to be received by Orko shareholders pursuant to the previously announced plan of arrangement (the "Arrangement") whereby Coeur will acquire all of the issued and outstanding common shares of Orko (the "Orko Shares"). As previously announced, the Arrangement was approved by Orko shareholders yesterday.

Orko and Coeur received an election report from Computershare Trust Company of Canada setting out the number of common shares of Coeur (the "Coeur Shares"), warrants to purchase Coeur Shares (the "Coeur Warrants") and/or cash consideration that each Orko shareholder will be entitled to receive pursuant to the Arrangement, after proration, as follows:

  • Orko shareholders who have elected or are deemed to have elected to receive the cash and share consideration will receive $0.70 cash, 0.0815 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held;
  • Orko shareholders who have elected to receive the share consideration will receive 0.1118 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held; and
  • Orko shareholders who have elected to receive the cash consideration will receive $0.74 cash, 0.0797 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held.

The cash consideration alternative was oversubscribed, and pursuant to the proration methodology established under the Arrangement, Orko shareholders who have elected to receive the cash consideration will receive the cash, Coeur Shares and Coeur Warrants as described above.

Pursuant to the Arrangement, Orko shareholders will receive total cash consideration of CAD$100 million, 11,572,918 Coeur Shares and 1,588,768 Coeur Warrants. Following the completion of the Arrangement, the current Orko shareholders will hold approximately 11% of the issued and outstanding Coeur Shares (prior to the exercise of the Coeur Warrants). The Coeur Warrants will trade under the symbol "CDE.WS" on the NYSE and "CDM.WT" on the TSX. Trading is expected to commence on April 17, 2013 on both exchanges.

Orko will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on Friday, April 12, 2013 and, assuming receipt of court approval and the satisfaction or waiver of all remaining closing conditions, Orko and Coeur expect the Arrangement to be effective on or about April 16, 2013.

Orko shareholders with questions regarding the deposit of Orko Shares to the Arrangement can contact Kingsdale Shareholder Services Inc. toll free in North America at (888) 518-6812 or call collect outside North America at (416) 867-2272 or by email at contactus@kingsdaleshareholder.com.

About Orko

Orko Silver Corp. is developing one of the world's largest undeveloped primary silver deposits, La Preciosa, located near the city of Durango, in the State of Durango, Mexico.

About Coeur

Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver producer and a growing gold producer. Coeur has four precious metals mines in the Americas generating strong production, sales and cash flow in continued robust metals markets. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. Coeur also owns a non-operating interest in a mine in Australia, and conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. In addition, Coeur owns strategic investment positions in eight silver and gold development companies with projects in North and South America.

Special Note Regarding Forward Looking Statements

This News Release may contain forward-looking statements, including but not limited to comments regarding the completion of the transactions contemplated herein. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Orko and Coeur undertake no obligation to update such statements, except as required by law.

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.

Orko Silver Corp.
(604) 687-6310
www.orkosilver.com
or
Kingsdale Shareholder Services
Wes Hall
(416) 867-2342
or
Coeur
Wendy Yang
Vice President, Investor Relations
(208) 665-0345
or
Stefany Bales
Director, Corporate Communications
(208) 667-8263
www.coeur.com
Data and Statistics for these countries : Argentina | Australia | Bolivia | Canada | Mexico | All
Gold and Silver Prices for these countries : Argentina | Australia | Bolivia | Canada | Mexico | All

Coeur d'Alene Mines Corporation

PRODUCER
CODE : CDE
ISIN : US1921085049
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Coeur d'Alène is a producing silver and gold company based in United states of america.

Coeur d'Alène produces silver, gold, copper, lead and zinc in Argentina, in Australia, in Bolivia, in Mexico and in USA, develops gold and silver in Argentina and in Bolivia, and holds various exploration projects in Mexico.

Its main assets in production are ROCHESTER MINE - NEVADA PACKARD in USA, ENDEAVOR and BROKEN HILL in Australia, PALMAREJO in Mexico, MARTHA MINE in Argentina and SAN BARTOLOME in Bolivia, its main assets in development are ROCHESTER and KENSINGTON in Bolivia and JOAQUIN in Argentina and its main exploration properties are KENSINGTON/JUALIN in Argentina, LAKE VICTORIA GOLD BELT in Tanzania and EL REALITO, GUADALUPE and LA PATRIA in Mexico.

Coeur d'Alène is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 1.3 billions as of today (€ 1.2 billions).

Its stock quote reached its highest recent level on November 21, 1997 at US$ 99.38, and its lowest recent point on January 22, 2016 at US$ 1.62.

Coeur d'Alène has 185 442 526 shares outstanding.

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NYSE (CDE)FRANKFURT (CDM.F)
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