Gold Wheaton Settles $50 Million Deferred Payment to FNX Through Issuance of Shares
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/16/10 -- Gold Wheaton Gold Corp. (TSX: GLW) (the 'Company') announces that, in accordance with the terms of the amended and restated promissory note dated December 5, 2008, it has satisfied its obligation to pay the $50 million deferred payment to FNX Mining Company Inc. ('FNX') through the issuance of 20,464,126 common shares of the Company.
Cautionary Note Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein, the information presented constitutes 'forward looking statements'. Such forward-looking statements, including but not limited to those with respect to the issue and delivery of common shares, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gold Wheaton to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among other risks, risks related to the issuance of common shares of the Company and those factors discussed in the section entitled 'Description of Business - Risk Factors' in Gold Wheaton's Annual Information Form dated May 11, 2010 as filed on SEDAR. Although Gold Wheaton has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Contacts:
Gold Wheaton Gold Corp.
David Cohen
+1.778.373-0107
+1.604.434-1487 (FAX)
info@goldwheaton.com