Goldcorp Supports Acquisition Of Primero Mining By Northgate Minerals

Goldcorp GG today agreed to support the proposed transaction by which Northgate Minerals NXG will acquire all of the issued and outstanding shares of Primero Mining P. Goldcorp controls 35.5% of the outstanding shares of Primero, and has agreed to vote its shares in support of the arrangement. Upon completion of the arrangement, Goldcorp will receive 46.7 million Northgate shares representing approximately 11% of Northgate's outstanding shares.