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Posted AT 9:21 AM EST on 16/11/09

Goldcorp to acquire Canplats Resources

The Canadian Press

Vancouver — Goldcorp Inc. announced Monday it is acquiring Canplats Resources Corp. in an all-stock deal valued at $238-million.The deal will see Goldcorp assume ownership of Canplats' Camino Rojo project in Mexico, expanding its operations south of the border.Each Canplats share will be exchanged for 0.074 of a common Goldcorp share at $3.42 per share.A new exploration company will also be created as part of the deal with 90.

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