Canplats Board Determines That New Offer From Penmont Is a Superior Proposal
VANCOUVER, BRITISH COLUMBIA, Dec. 27, 2009 (Marketwire) -- Canplats Resources Corporation (TSX VENTURE:CPQ) ("Canplats" or the "Company") announces that it has received a revised binding proposal from Minera Penmont, S. de R.L. de C.V. ("Penmont")
"Under the revised transaction proposed by Penmont, Canplats shareholders would receive, for each Canplats common share, C$4.60 in cash (instead of $4.20 in cash, as under Penmont's original proposal announced on December 22, 2009, as matched by Goldcorp) and shares of a new exploration company with a notional value of C$0.20 for total consideration of C$4.80 per Canplats share."
How long will it take for GG to respond? Do they respond?
