VANCOUVER, Nov. 7, 2017 /PRNewswire/ - GOLDCORP
INC. (TSX: G, NYSE: GG) ("Goldcorp") is pleased to
announce the completion of the previously announced sale of its
interest in the Camino Rojo oxide project, located in Zacatecas, Mexico to Orla Mining Limited
("Orla"). The closing follows receipt of Mexican anti-trust
approval and the satisfaction of closing conditions customary in a
transaction of this nature.
Pursuant to an asset purchase agreement entered into between
Goldcorp and Orla (the "Transaction"), Goldcorp indirectly acquired
31,860,141 common shares of Orla ("Orla Shares"), which represents
approximately 19.88% of the issued and outstanding Orla Shares
immediately following the closing of the Transaction. Goldcorp did
not own or control any Orla Shares prior to the completion of the
Transaction. The Orla Shares are currently being held by
Goldcorp for investment purposes. Goldcorp may, from time to time,
and subject to the terms of an investor rights agreement with Orla,
acquire additional securities, dispose of some or all of the
existing or additional securities or may continue to hold the
securities of Orla. An early warning report will be filed under
Orla's issuer profile on SEDAR at www.sedar.com. To obtain a copy
of the early warning report, please contact Randall Chatwin, Vice President, Assistant
General Counsel at telephone number: 604-696-3000. Goldcorp's head
office is located at Suite 3400 – 666 Burrard St. Vancouver, BC, V6C 2X8.
About Goldcorp
Goldcorp is a senior gold producer focused on responsible mining
practices with safe, low-cost production from a high-quality
portfolio of mines.
SOURCE Goldcorp Inc.