Goldcorp to buy Kaminak Gold for $520 mln: Reuters

Goldcorp Inc said it would buy Kaminak Gold Corp for about $520 million, giving it the Coffee gold project south of Dawson City, Yukon, Reuters reported. Vancouver-based Goldcorp will offer 0.10896 of a share for each Kaminak share, or $2.62 based on Goldcorp's Wednesday close. Electrum Strategic Opportunities Fund, a private equity fund managed by U.S. investment firm Electrum Group, holds a minority interest in Kaminak.

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