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Probe Mines to be Acquired by Goldcorp

posted on Jan 19, 15 07:00AM (Log in to use the IP Check tool) [?]

TORONTO, ONTARIO--(Jan 19, 2015) - Probe Mines Limited (TSX VENTURE:PRB) ("Probe" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Goldcorp Inc. (TSX:G)(NYSE:GG) ("Goldcorp"), whereby Goldcorp will acquire all of the outstanding shares of Probe under a plan of arrangement for consideration of 0.1755 of a Goldcorp share per Probe share, equivalent to C$5.00 per Probe share, based on the closing price of Goldcorp shares on the TSX on January 16, 2015, and total consideration of C$526 million. In addition, shareholders of Probe will receive shares in a newly formed company ("New Probe").

Take over value at 91m O/s shares * $5.07 last trade = $461M

if same mkt cap is applied for ZEN would be equiv $461m/60m zen sahres O/s - $7.70 per share !

Don't lose the sight of the final prize IMO

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