Goldcorp Acquires Canplats Resources for $308.5M

On February 4, 2010, Goldcorp Inc. (TSX:G, NYSE:GG), the lowest-cost and fastest-growing senior gold producer with operations and development projects throughout the Americas, completed the acquisition of Canplats Resources Corporation (TSX.V:CPQ), a natural resource exploration company with property interests in Mexico. The acquisition was completed by way of a plan of arrangement under the Business Corporations Act (British Columbia) pursuant to which all of the issued and outstanding shares of Canplats were transferred to 0756808 B.C. Ltd., a wholly owned subsidiary of Goldcorp.

The aggregate consideration paid to acquire all of the outstanding shares of Canplats was approximately $308.5 million. Canplats shareholders received $4.60 and one common share of Camino Minerals Corporation, a new exploration company holding the explanation assets of Canplats, with a notional value of $0.20 for total consideration of $4.80 for each Canplats common share held. The plan of arrangement was approved by the Canplats shareholders on January 28, 2010, and received final court approval on February 3, 2010.

Goldcorp was represented in-house by David Deisley, Vice President, General Counsel and Anna Tudela, Vice President, Regulatory Affairs and Corporate Secretary, and by a team from Cassels Brock & Blackwell LLP that included Paul Stein, Mark Bennett and Jennifer Traub (securities and mining) and Jeffrey Roy and Jason MacIntosh (securities); and in the US by a team from Neal, Gerber & Eisenberg LLP that included David Stone and John Koenigsknecht (securities); and on US tax matters by Andrea Despotes and Andrea Dudding. Goldcorp was also advised by Michael Colborne and Michael McLaren of Thorsteinssons LLP on Canadian tax matters.

Canplats was represented by a team from Lawson Lundell LLP that included Jerrold Schramm, Randall Chatwin and David Gedge (M&A, securities); Leonard Glass (tax) and Craig Ferris (litigation) and in the US by Skadden, Arps, Slate, Meagher & Flom LLP with a team that included Riccardo Leofanti and Michael Acedo.

The special committee of Canplats' board of directors was represented by Bob Wooder and Sarah Pybus of Blake, Cassels & Graydon LLP.