Mr. Jeff Wilhoit reports
GOLDCORP COMPLETES SALE OF INVESTMENT IN TERRANE METALS
Goldcorp Inc. has completed the sale of its investment in Terrane Metals Corp. to Thompson Creek Metals Inc.
Pursuant to the terms of the transaction, Goldcorp receives anaggregate of 13.9 million common shares of Thompson Creek, representingapproximately 8 per cent of Thompson Creek's issued and outstandingshares, and $240.5-million in cash.
"Mt. Milligan is a high-quality copper-gold project that isready to move into construction," said Chuck Jeannes, president andchief executive officer. "The Terrane team has done a great jobadvancing the project. Thompson Creek provides the financial strengthand management to build and operate the mine, bringing benefits toBritish Columbia and shareholders of both companies. We look forward tobeing a significant shareholder of Thompson Creek. Goldcorp will deploythe cash proceeds toward the continued development of itsindustry-leading suite of core gold projects."
BMO Capital Markets acted for Goldcorp as financial adviser and Osler, Hoskin & Harcourt LLP as legal adviser.
We seek Safe Harbor.