Ms. Anna Tudela reports
GOLDCORP UPDATES SHAREHOLDING IN DELTA GOLD CORPORATION
Goldcorp Inc., through its wholly owned subsidiary, Goldcorp U.S.A. Inc., has received 22,059,000 common shares in the capital of
Delta Gold Corp. (formerly ADR Capital Corp.), pursuant
to a reverse takeover transaction involving Delta Gold Inc. that was
completed on Feb. 13, 2013, as described in the
filing statement of Delta dated Dec. 28, 2012, and filed on SEDAR. The shares received by Goldcorp pursuant to the transaction represent
approximately 11.5 per cent of the 191,171,258 issued and outstanding common
shares of Delta, and have an estimated value of $2.5-million. All amounts are in U.S. dollars unless stated otherwise. Pursuant
to the transaction, each Delta Gold common share was exchanged for
4.4118 common shares of Delta.
Goldcorp previously received five million common shares of Delta Gold as a first payment for the granting of an option to Delta Gold to
purchase the 100-per-cent-Goldcorp-owned Imperial project, located in
California, United States, in June, 2012.
Subject to compliance with applicable securities laws in respect of the
resale of the shares, Goldcorp may purchase, sell or acquire securities
of Delta in the future on the open market or in private transactions,
depending on market conditions and other factors material to its
This press release is issued pursuant to National Instrument 62-103, the Early Warning System and Related Takeover Bid and Insider Reporting
Issues, which also requires a report to be filed with regulatory authorities
in each of the jurisdictions containing additional information with
respect to the foregoing matters. For
further information and to obtain a copy of the early warning report
filed in connection with the transaction, please see Delta's profile on
the SEDAR website.
We seek Safe Harbor.
© 2014 Canjex Publishing Ltd. All rights reserved.