11/16/2009 (BAYSTREET NEWSWIRE)

MISSISSAUGA, Ontario, November 16, 2009 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Junior Miner Acquired By Mining Giant Goldcorp Inc.”

Companies mentioned in this article include Canplats Resources Inc. (TSX-Venture:CPQ) and Goldcorp Inc. (TSX:G).

Article Excerpt:

Just when it seemed that gold could not get any shinier in the eyes of investors big and small, prices for the shiny yellow metal continued its upward journey to even higher heights, past $1,130 U.S. an ounce. The competition for at least a piece of this very lucrative gold pie took a decidedly different turn in the middle week of November, with the announcement that Vancouver-based Canplats Resources Inc. (TSX-Venture:CPQ) was taken over by mining giant Goldcorp Inc. (TSX:G), the latter company harbouring ambitions to enhance its presence in the Mexican gold field. It appears the adage, “if you can’t beat ‘em, join ‘em”, prevailed in this case.

Goldcorp is trying to establish a network of satellite mines around its Penasquito gold project in Mexico. To that end, G bought up shares in CPQ for about $238 million, planning ultimately to acquire all the outstanding shares of Canplats and then spin off all of Canplats' assets, other than its Camino Rojo project, into a new gold-exploration company. Each Canplats share would be exchanged for 0.074 of a common share of Goldcorp and an interest in a new exploration company notionally valued at 18 Canadian cents a share.

The full version of this article can be found at:

http://www.allpennystocks.com/aps_ca/special_reports/070/Junior-Miner-Acquired-By-Mining-Giant-Goldcorp-Inc.htm

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