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Primero Announces Closing of Secondary Offering by Goldcorp Inc.

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Primero Announces Closing of Secondary Offering by Goldcorp Inc.

 

 

 

 

 

Primero Mining Corp. (TSX:P) (NYSE:PPP) announced today that it has closed the previously announced secondary offering of Primero shares held by Goldcorp Inc. A total of 31,151,200 Primero common shares held by Goldcorp were sold at an offering price of C$7.20 per share. The Offering was completed through a syndicate of underwriters led by Canaccord Genuity Corp. and including CIBC World Markets Inc., GMP Securities L.P., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.
 

As a result of the Offering, Goldcorp no longer owns any common shares of Primero. Primero did not receive any proceeds from the offering. All of the expenses of the offering will be paid by Goldcorp.
 

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, sale or solicitation would be unlawful. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act.
 

About Primero

 

Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine and the Cerro del Gallo gold-silver-copper development project in Mexico and 100% of the Black Fox mine and Grey Fox exploration property in Timmins, Ontario. Primero offers immediate exposure to un-hedged, below average cash cost gold production with a substantial resource base in politically stable jurisdictions. The Company is focused on becoming a leading intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas

Posted March 26, 2014

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