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Goldcorp completes C$520M Kaminak Gold acquisition

GoldcorpInc. has completed the acquisition of all of the issued andoutstanding common shares of Kaminak Gold Corp. in a worth C$520 million.

Kaminak said July 19 that it will now become a wholly ownedsubsidiary of Goldcorp, and its shareholders will receive 0.10896 of a commonshare of Goldcorp for each Kaminak share held.

The arrangement was approved by the Supreme Court of BritishColumbia on July 14, and is subject to final approval by the TSX VentureExchange.