Goldcorp to get stake in Mala Noche as part of $500-million sale of mine

The Canadian Press ~ The News
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VANCOUVER — Goldcorp Inc. (TSX:G) has agreed to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp. (TSXV:MLA) in a deal valued at US$500 million. Vancouver-based Goldcorp. will receive $275 million of that in cash, a $50-million note payable over five years and the rest in shares of Mala Noche. Goldcorp would own about 30 per cent of the junior mining company.

Organizations: Goldcorp Inc., Mala Noche Resources, TSX

Geographic location: VANCOUVER, San Dimas, Mexico

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