Goldcorp to buy Kaminak Gold for C$520 mln

Thu May 12, 2016 8:47am EDT
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May 12 (Reuters) - Goldcorp Inc said it would buy Kaminak Gold Corp for about C$520 million ($406 million), giving it the Coffee gold project south of Dawson City, Yukon.

Vancouver-based Goldcorp will offer 0.10896 of a share for each Kaminak share, or C$2.62 based on Goldcorp's Wednesday close.

The offer price represents a premium of 32.3 percent to Kaminak's Wednesday close. ($1 = C$1.28) (Reporting by Anet Josline Pinto in Bengaluru; Editing by Shounak Dasgupta)