| | Publié le 24 septembre 2007 | COEUR FILES PRELIMINARY PROXY MATERIALS |
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PRESS RELEASE / DATED September 24,
2007
COEUR FILES PRELIMINARY PROXY MATERIALS
Parties Provide Transaction Update
Coeur D’Alene, Idaho, Sydney, Australia
and Longueuil, Quebec – September 24, 2007 – Coeur d'Alene Mines Corporation
(NYSE: CDE, TSX: CDM), Bolnisi Gold NL (ASX: BSG) and Palmarejo Silver
and Gold Corporation (TSX-V: PJO) today announced that Coeur has filed
its preliminary proxy statement with the Securities and Exchange Commission
(“SEC”) with respect to the issuance of Coeur shares pursuant to Coeur’s
proposed acquisition of Bolnisi and Palmarejo.
The date of the special meeting of Coeur
shareholders and the record date for the meeting will be specified in a
definitive proxy statement that will be mailed to shareholders following
the SEC’s review of the preliminary proxy statement or, alternatively,
the SEC’s election to not review the preliminary proxy statement. For
shareholders’ general information, the preliminary proxy statement is
available on the SEC's website at www.sec.gov, the Canadian securities
regulators’ website at www.sedar.com or Coeur’s website at www.coeur.com.
Transaction Update
On May 3, 2007, Coeur, Bolnisi Gold
NL, and Palmarejo announced that they entered into agreements to merge,
which were approved unanimously by their respective boards of directors.
Pursuant to the agreements, Coeur will acquire all of the shares of Bolnisi,
and all the shares of Palmarejo not owned by Bolnisi, in a transaction
valued at approximately US$1.1 billion.
The companies have agreed to amend the
Merger Implementation Agreements and the Bolnisi directors’ option deeds
to allow for adequate time for the required regulatory processes and receipt
of the required shareholder and court approvals. The parties expect
to close the transaction in the fourth quarter of 2007.
The companies also announced that Bolnisi,
with the consent of Coeur, will enter into a $20 million credit facility
with Macquarie Bank Limited to fund ongoing project development. The
facility will enable Bolnisi and Palmarejo to continue to develop the Palmarejo
Project under the direction of the Project Development Committee, which
consists of professional staff from Bolnisi, Palmarejo and Coeur.
About Coeur
Coeur d’Alene Mines Corporation is
one of the world's leading primary silver producers and a growing gold
producer. The company has mining interests in Alaska, Argentina, Australia,
Bolivia, Chile, Nevada, and Tanzania. In 2006, Coeur produced 12.8 million
ounces of silver and 116,000 ounces of gold. Cash costs in 2006
were $3.33 per ounce of silver for 2006.
About Bolnisi Gold
Bolnisi Gold NL is an Australia-based
company engaged in mining and exploration for gold and minerals. The Company's
activities are all Mexican precious metals operations with an existing
portfolio of projects, which include the Palmarejo Silver-Gold project
(including Trogan), Chihuahua; the Yecora Gold-Silver project, Sonora,
and the El Realito Gold-Silver project, Chihuahua.
About Palmarejo Silver & Gold
Palmarejo Silver And Gold Corporation
is a silver/gold exploration company listed on the TSX Venture Exchange
under the symbol "PJO". Palmarejo's principal activity is to
explore and develop gold and silver properties located in the Temoris District
of Chihuahua, Mexico within the Sierra Madre Occidental mountain range.
Cautionary Statement
This press release contains forward-looking
statements within the meaning of securities legislation in the United States
and Canada, including statements regarding the terms and conditions of
the proposed transaction and anticipated operating results. Such statements
are subject to numerous assumptions and uncertainties, many of which are
outside the control of Coeur, Bolnisi or Palmarejo, as the case may be.
Operating, exploration and financial data, and other statements in this
press release are based on information that Coeur, Bolnisi or Palmarejo,
as the case may be, believes is reasonable, but involve significant uncertainties
affecting the business of Coeur, Bolnisi or Palmarejo, as the case may
be, including, but not limited to, future gold and silver prices, costs,
ore grades, estimation of gold and silver reserves, mining and processing
conditions, construction schedules, currency exchange rates, and the completion
and/or updating of mining feasibility studies, changes that could result
from future acquisitions of new mining properties or businesses, the risks
and hazards inherent in the mining business (including environmental hazards,
industrial accidents, weather or geologically related conditions), regulatory
and permitting matters, risks inherent in the ownership and operation of,
or investment in, mining properties or businesses in foreign countries,
as well as other uncertainties and risk factors set out in filings made
from time to time with the SEC and the Ontario Securities Commission, including,
without limitation, Coeur’s reports on Form 10-K and Form 10-Q and Palmarejo’s
Annual Information Form. Additionally, there are risks that the parties
will not proceed with the proposed transaction, that the ultimate terms
of the proposed transaction will differ from those that currently are contemplated,
and that the proposed transaction will be not be successfully completed
for any reason (including the failure to obtain the required approvals
or clearances from regulatory authorities). Actual results, developments
and timetables could vary significantly from the estimates presented. Readers
are cautioned not to put undue reliance on forward-looking statements.
Coeur, Bolnisi and Palmarejo disclaim any intent or obligation to update
publicly such forward-looking statements, whether as a result of new information,
future events or otherwise. Additionally, Coeur, Bolnisi and Palmarejo
undertake no obligation to comment on analyses, expectations or statements
made by third parties in respect of Coeur, Bolnisi and Palmarejo, their
financial or operating results or their securities or the proposed transaction.
Additional Information
The definitive proxy statement that
Coeur plans to file with the United States Securities and Exchange Commission
(“SEC”) and Canadian securities regulators and mail to its shareholders
will contain information about Coeur, Bolnisi, Palmarejo, the Palmarejo
Project, the proposed transaction and related matters. Shareholders
are urged to read the definitive proxy statement carefully when it is available,
as it will contain important information that shareholders should consider
before making a decision about the proposed transaction. In addition
to receiving the definitive proxy statement from Coeur by mail, shareholders
will also be able to obtain the definitive proxy statement, as well as
other filings containing information about Coeur, without charge, from
the SEC’s website (www.sec.gov) and the Canadian securities regulators’
website (www.sedar.com) or, without charge, from Coeur. This announcement
is neither a solicitation of a proxy, an offer to purchase, nor a solicitation
of an offer to sell shares of Coeur. Coeur and its executive officers
and directors may be deemed to be participants in the solicitation of proxies
from Coeur’s shareholders with respect to the proposed transaction. Information
regarding any interests that Coeur’s executive officers and directors
may have in the proposed transaction will be set forth in the definitive
proxy statement. The Coeur shares to be issued in the proposed transaction
have not been and will not be registered under the Securities Act of 1933,
as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.
Coeur intends to issue such Coeur shares pursuant to the exemption
from registration set forth in Section 3(a)(10) of the Securities Act.
Copies of the merger implementation
agreements and certain related documents have been filed with the SEC and
Canadian securities regulators and are available at the SEC’s website
at www.sec.gov and at the Canadian securities regulators’ website at www.sedar.com.
Contact:
Director -- Investor Relations
Tony Ebersole, 208-665-0777
Senior Vice President -- Corporate Development
Mitchell J. Krebs, 888-545-1138
Palmarejo Silver & Gold Corporation
-- President & CEO
James Crombie, 450-677-1233
Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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Palmarejo Silver and Gold Corporation
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CODE : PJO.V |
ISIN : 69672B 10 |
CUSIP : 69672B 10 7 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Palmarejo Silver and Gold est une société d’exploration minière d'or et d'argent basée au Canada. Palmarejo Silver and Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 1,0 milliards CA$ (1,0 milliards US$, 722,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 23 novembre 2007 à 10,00 CA$, et son plus haut niveau récent le 20 décembre 2007 à 11,30 CA$. Palmarejo Silver and Gold possède 91 906 838 actions en circulation. |
Nominations de Palmarejo Silver and Gold Corporation |
Rapports Financiers de Palmarejo Silver and Gold Corporation |
Projets de Palmarejo Silver and Gold Corporation |
Communiqués de Presse de Palmarejo Silver and Gold Corporation |
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