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Wheaton Shareholders Approve Plan of Arrangement to Complete Merger with Goldcorp.


VANCOUVER Vancouver, city, Canada
Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border.
, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
 -- Wheaton River Minerals Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:WRM WRM World Rainforest Movement
WRM War Reserve Materiel
WRM White Rose Movement (UK band)
WRM Windows Rights Management (Microsoft)
WRM Water Recovery Management
WRM Women's Rights Movement
)(AMEX AMEX

See: American Stock Exchange
:WHT WHT White
WHT Web Hosting Talk (forum)
WHT Whatever Happened To
WHT Withholding Tax
WHT Walsh-Hadamard Transform
WHT William Howard Taft (27th US president)
WHT Weapon Handling Test
) is pleased to announce that its shareholders approved the proposed plan of arrangement so that Goldcorp Inc. (TSX:G)(NYSE NYSE

See: New York Stock Exchange
:GG) can acquire all of the outstanding Wheaton shares not tendered to the Goldcorp offer, which expired ex·pire  
v. ex·pired, ex·pir·ing, ex·pires

v.intr.
1. To come to an end; terminate: My membership in the club has expired.

2.
 on February 28, 2005.

The plan of arrangement was approved by 99.9% of the votes cast by shareholders voting and the arrangement is expected to close on April 15, 2005.

It is expected that Wheaton shares and Wheaton warrants will be delisted from the TSX and the AMEX at the end of the day on April 15, 2005. The Goldcorp shares to be issued under the plan of arrangement, replace the Wheaton shares on the basis of 0.25 of a Goldcorp share for each Wheaton share.

Goldcorp Series A, B and C warrants will be issued under the plan of arrangement to replace the existing Wheaton Series A, B and Common Share Purchase warrants, respectively. All three series of warrants are expected to begin trading at market open on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
, Monday, April 18, 2005, and the Goldcorp Series A and Series C Warrants are expected to begin trading on the NYSE at the same time.
The warrant trading symbols and terms are summarized as follows:

-------------------------------------------------------------------
Former                                 New
Symbols       Terms                    Symbols     Terms
-------------------------------------------------------------------
TSX                                    TSX
-------------------------------------------------------------------
WRM.WT        1 wt + C$1.65,           G.WT.C      4 wts + C$6.60,
               Expiry 5/30/07                       Expiry 5/30/07
-------------------------------------------------------------------
WRM.WT.A      1 wt + C$1.65,           G.WT.A      4 wts + C$6.60,
               Expiry 5/30/07                       Expiry 5/30/07
-------------------------------------------------------------------
WRM.WT.B      1 wt + C$3.10,           G.WT.B      4 wts + C$12.40,
               Expiry 8/25/08                       Expiry 8/25/08
-------------------------------------------------------------------
AMEX                                   NYSE
-------------------------------------------------------------------
WHT.WS        1 wt + C$1.65,           GG.WS.C     4 wts + C$6.60,
               Expiry 5/30/07                       Expiry 5/30/07
-------------------------------------------------------------------
WHT.WS.A      1 wt + C$1.65,           GG.WS.A     4 wts + C$6.60,
               Expiry 5/30/07                       Expiry 5/30/07
-------------------------------------------------------------------



Note: Goldcorp has two existing warrants trading on the Toronto Stock Exchange: G.WT (1 warrant entitles the holder to purchase 2.08 shares of Goldcorp at C$10 per share, until May 13, 2009), and G.WT.U (1 warrant entitles holder to purchase 2.08 shares of Goldcorp at US$12.50 per share, until April 30, 2007).

Goldcorp is the world's lowest cost million ounce ounce, in zoology
ounce, in zoology: see leopard.
ounce, unit of measurement
ounce: see English units of measurement.
 gold producer, with 2005 gold production expected to exceed 1.1 million ounces of gold at a cash cost of less than US$60 per ounce. By 2007, gold production is expected to grow to over 1.5 million ounces. The combined company has a strong balance sheet with approximately US$450 million in cash and equivalents, and no debt.

Goldcorp Inc. (TSX:G) (NYSE:GG)

Wheaton River Minerals Ltd. (TSX:WRM) (AMEX:WHT)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Apr 13, 2005
Words:488
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