Goldcorp Inc. has completed its previously announced acquisition of Probe Mines, prompting the delisting of the latter from the TSX Venture Exchange.
Probe shareholders received 0.1755 of a common share of Goldcorp, $0.001 in cash and 0.3333 of a common share of Probe Metals Inc., a newly established company trading on the TSX Venture Exchange.
The acquisition gives Goldcorp ownership of the Borden Lake Gold Project near Chapleau, Ontario, 200 kilometres southeast of Timmins.
The plan of arrangement was approved by Probe shareholders holding approximately 97.6% of the common shares voted at the shareholders' meeting March 11th.
“Our shareholders have realized significant value for the Borden Gold Project and through their ownership in Goldcorp, will have continued exposure to its ongoing development. We also look forward to continuing our efforts to deliver value for our shareholders in Probe Metals Inc.," said David Palmer, president and CEO of Probe.