Canplats Announces Adjourned Meeting Date to Consider Goldcorp Transaction
January 08 2010 - 5:30AM
Marketwired
Canplats Resources Corporation (TSX VENTURE: CPQ) ("Canplats" or
the "Company") announces that it intends to adjourn the meeting of
the holders of its common shares, options and warrants called to
consider the proposed business combination between Canplats and
Goldcorp Inc. ("Goldcorp") to 2:00 p.m. (Vancouver time) on January
28, 2010. The adjourned meeting will be held at the Pan Pacific
Vancouver, Ocean View Room, located at 300 - 999 Canada Place,
Vancouver, British Columbia. The meeting is being adjourned in
order to permit Canplats to prepare and distribute to its
securityholders a supplemental management information circular to
describe the terms of the amended transaction with Goldcorp.
As described in the Company's press release dated December 29,
2009, the amended transaction with Goldcorp provides that each
Canplats common share, including common shares issued in exchange
for "in-the-money" options and warrants to purchase common shares,
will be exchanged for C$4.60 in cash and shares of Camino Minerals
Corporation ("Camino"), a new exploration company, with a notional
value of C$0.20. At the closing of the Goldcorp transaction, Camino
will hold C$10 million in cash and Canplats' Rodeo, El Rincon,
Mecatona, Maijoma and El Alamo Properties. The Board of Directors
of Canplats recommends that Canplats securityholders vote in favour
of the resolution approving the amended transaction with Goldcorp.
The supplemental information circular will set out the reasons for
such recommendation and other information concerning the amended
transaction.
Canplats has been advised by Minera Penmont, S. de R.L. de C.V.
that it does not intend to make any further acquisition proposals
to the Company.
The supplemental information circular is expected to be mailed
to securityholders on or about January 18, 2010, and will be posted
on the System for Electronic Document Analysis and Retrieval
website at www.sedar.com and the Company's website at
www.canplats.com at that time. Securityholders are encouraged to
read the supplemental information circular carefully in its
entirety.
Canplats does not intend to mail new proxy forms, and does not
expect intermediaries to mail new voting instruction forms, to
securityholders for use in connection with the adjourned meeting.
Instead, the form of proxy and voting instruction forms previously
mailed to securityholders in connection with the transaction
between the Company and Goldcorp announced on November 16, 2009
will be used for the adjourned meeting. The deadline for the
deposit of proxies for use at the adjourned meeting of
securityholders is 2:00 p.m. (Vancouver time) on January 26, 2010.
Voting instruction forms will have to be submitted earlier than
forms of proxy. Securityholders who have already properly completed
and deposited a proxy or submitted a voting instruction form do not
have to take any further action to vote their securities, unless
they wish to change their voting instructions. Securityholders who
have completed and deposited a form of proxy or submitted a voting
instruction form but wish to change their voting instructions are
encouraged to contact Kingsdale Shareholder Services Inc. (in North
America, by telephone (toll-free) at (888) 518-6812) for assistance
in doing so.
To receive Canplats' news releases, contact Blaine Monaghan,
Director, Investor Relations, at info@canplats.com or (866)
338-0047.
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not
historical fact, such as statements regarding the economic
prospects of the company's projects, future plans or future
revenues, timing of development or potential expansion or
improvements, are forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995 and
forward-looking information under the provisions of Canadian
securities laws (collectively, "forward-looking statements"). Such
forward-looking statements are subject to risks and uncertainties
which could cause actual results to differ materially from
estimated results. Such risks and uncertainties include, but are
not limited to, the company's ability to raise sufficient capital
to fund development, changes in economic conditions or financial
markets, changes in prices for the company's mineral products or
increases in input costs, litigation, legislative, environmental
and other judicial, regulatory, political and competitive
developments in Mexico, technological and operational difficulties
or inability to obtain permits encountered in connection with
exploration and development activities, labour relations matters,
and changing foreign exchange rates, all of which are described
more fully in the company's filings with the Securities and
Exchange Commission and on SEDAR. The company undertakes no
obligation to publicly update or otherwise revise any
forward-looking statements, whether as a result of new information,
future events or other factors, except as required by law. Readers
are cautioned not to place undue reliance on forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Canplats Resources Corporation R.E. Gordon Davis
Chairman and C.E.O. Direct: (604) 629-8292 Canplats Resources
Corporation Bruce A. Youngman President and C.O.O. Direct: (604)
629-8293 Canplats Resources Corporation Blaine Monaghan Director,
Investor Relations Direct: (604) 629-8294 or Toll-Free: (866)
338-0047 info@canplats.com www.canplats.com Kingsdale Shareholder
Services Inc. Toll-Free: (888) 518-6812 (416) 867-2271 (FAX)
contactus@kingsdaleshareholder.com G2 Consultants Corporation (604)
742-9990 or NA Toll-Free: (866) 742-9990 (604) 742-9991 (FAX)
canplats@g2consultants.com
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