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Goldcorp to maintain Tahoe Resources holding in C$306 million share sale

Monday, December 6, 2010

Canada’s Tahoe Resources intends to raise C$306 million in a bought deal financing, to fund the development of its flagship silver project in Guatemala.

Canada's second-biggest gold-miner, Goldcorp, which owns 41.2 percent of Tahoe, has indicated it intends subscribe for shares in the offering to maintain its current holding in the smaller firm.

The offering is expected to close by December 24.

Original source: Creamer’s Mining Weekly