Goldcorp completes C$225M secondary offering of Primero shares
Date Closed
March 26, 2014
Lead Office
Toronto
Value
225.00 Million CAD
On March 26, 2014, Goldcorp Inc. completed a secondary bought deal offering (the “Offering”) of common shares of Primero Mining Corp. through a syndicate of underwriters comprised of Canaccord Genuity Corp., CIBC World Markets Inc., GMP Securities L.P., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc. (the “Underwriters”).
The Underwriters purchased 31,151,200 common shares of Primero from Goldcorp at a purchase price of C$7.20 per share for gross proceeds of C$224,288,640.
Primero did not receive any part of the proceeds from the Offering. Following completion of the Offering, Goldcorp no longer owns any common shares of Primero.
Primero, headquartered in Toronto, Ontario, is a precious metals producer.
Goldcorp, headquartered in Vancouver, British Columbia, is a gold producer.
McCarthy Tétrault LLP represented Canaccord Genuity and the syndicate of underwriters, with a team led by Gary Litwack (Corporate Finance/Capital Markets and Mining) and including Ryan Hornby, David Badour, Lama Sabbagh (Corporate Finance/Capital Markets and Mining), and Nigel Johnston (Tax).