OTTAWA (dpa-AFX) - Goldcorp Inc. (GG,G.TO) said Wednesday it agreed to support the proposed transaction by which Northgate Minerals Corporation (NGX.TO) will acquire all of the issued and outstanding shares of Primero Mining Corp (P.TO).
Goldcorp controls 35.5 percent of the outstanding shares of Primero, and has agreed to vote its shares in support of the arrangement.
Upon completion of the arrangement, Goldcorp would receive 46.7 million Northgate shares representing approximately 11 percent of Northgate's outstanding shares.
The transaction will be effected through a plan of arrangement under the British Columbia Business Corporations Act.
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