03:47 PM EST - Goldcorp Inc. : announced that its subsidiaries have entered into a binding letter agreement to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp. As per the terms of the letter agreement, Goldcorp will receive total consideration of $500 million U.S., consisting of $275 million U.S. in cash, $175 million U.S. of Mala Noche common shares valued at the offering price of Mala Noche's proposed equity financing and a $50-million U.S. promissory note payable over five years which will bear interest at a rate of 6% per annum. Goldcorp's ownership interest in Mala Noche is expected to be approximately 30%. Closing of the transaction is expected to occur on or about July 30. Goldcorp Inc.
shares T.G are trading up $0.39 at $46.00.
