Newmont Goldcorp Corp (NGT)

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Post # of 202

Kaminak Announces Acquisition Transaction with Goldcorp


http://www.kaminak.com/news_releases/index.php?&content_id=658

Vancouver, B.C., May 12, 2016 – Kaminak Gold Corporation (KAM: TSX-V) (“Kaminak” or the “Company”) is pleased to announce that the Company has entered into a definitive agreement with Goldcorp Inc. (“Goldcorp”), pursuant to which Goldcorp has agreed to acquire by way of a plan of arrangement (the "Arrangement"), all of the issued and outstanding shares of Kaminak in an all-share transaction. The total consideration offered for the Kaminak shares is approximately C$520 million.

Under the Arrangement, each common share of Kaminak will be exchanged for 0.10896 common shares of Goldcorp (the “Exchange Ratio”). The Exchange Ratio represents a value of C$2.62 per share based upon the closing price of Goldcorp on the TSX on May 11, 2016 of C$24.08.

This represents a premium of 33% based on the closing prices of both companies common shares on the TSX for Goldcorp and TSX-V for Kaminak on May 11, 2016 and a 40% premium based on Kaminak’ s 20-day TSX-V volume weighted average price ending on May 11, 2016.

Kaminak’s Directors unanimously recommend that Kaminak shareholders vote in favour of the Arrangement, and each Director intends to vote all of the Kaminak shares they own or control at the date of the Arrangement meeting in favour of the Arrangement, in the absence of a superior proposal.