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Orko Silver Corp. and Coeur d'Alene Mines Announce Election Report

11.04.2013  |  Marketwired
VANCOUVER and COEUR D'ALENE, 04/11/13 - Orko Silver Corp. ("Orko") (TSX VENTURE: OK) (OTCBB: OKOFF) (FRANKFURT: OG3) and Coeur d'Alene Mines Corporation ("Coeur") (TSX: CDM)(NYSE: CDE) are pleased to provide an update regarding the consideration to be received by Orko shareholders pursuant to the previously announced plan of arrangement (the "Arrangement") whereby Coeur will acquire all of the issued and outstanding common shares of Orko (the "Orko Shares"). As previously announced, the Arrangement was approved by Orko shareholders yesterday.

Orko and Coeur received an election report from Computershare Trust Company of Canada setting out the number of common shares of Coeur (the "Coeur Shares"), warrants to purchase Coeur Shares (the "Coeur Warrants") and/or cash consideration that each Orko shareholder will be entitled to receive pursuant to the Arrangement, after proration, as follows:

- Orko shareholders who have elected or are deemed to have elected to receive the cash and share consideration will receive $0.70 cash, 0.0815 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held;

- Orko shareholders who have elected to receive the share consideration will receive 0.1118 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held; and

- Orko shareholders who have elected to receive the cash consideration will receive $0.74 cash, 0.0797 of a Coeur Share and 0.01118 of a Coeur Warrant for each Orko Share held.

The cash consideration alternative was oversubscribed, and pursuant to the proration methodology established under the Arrangement, Orko shareholders who have elected to receive the cash consideration will receive the cash, Coeur Shares and Coeur Warrants as described above.

Pursuant to the Arrangement, Orko shareholders will receive total cash consideration of CAD$100 million, 11,572,918 Coeur Shares and 1,588,768 Coeur Warrants. Following the completion of the Arrangement, the current Orko shareholders will hold approximately 11% of the issued and outstanding Coeur Shares (prior to the exercise of the Coeur Warrants). The Coeur Warrants will trade under the symbol "CDE.WS" on the NYSE and "CDM.WT" on the TSX. Trading is expected to commence on April 17, 2013 on both exchanges.

Orko will apply for a final order of the Supreme Court of British Columbia approving the Arrangement on Friday, April 12, 2013 and, assuming receipt of court approval and the satisfaction or waiver of all remaining closing conditions, Orko and Coeur expect the Arrangement to be effective on or about April 16, 2013.

Orko shareholders with questions regarding the deposit of Orko Shares to the Arrangement can contact Kingsdale Shareholder Services Inc. toll free in North America at (888) 518-6812 or call collect outside North America at (416) 867-2272 or by email at

About Orko

Orko Silver Corp. is developing one of the world's largest undeveloped primary silver deposits, La Preciosa, located near the city of Durango, in the State of Durango, Mexico.

About Coeur

Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver producer and a growing gold producer. Coeur has four precious metals mines in the Americas generating strong production, sales and cash flow in continued robust metals markets. Coeur produces from its wholly owned operations: the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. Coeur also owns a non-operating interest in a mine in Australia, and conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia. In addition, Coeur owns strategic investment positions in eight silver and gold development companies with projects in North and South America.

Special Note Regarding Forward Looking Statements

This News Release may contain forward-looking statements, including but not limited to comments regarding the completion of the transactions contemplated herein. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Orko and Coeur undertake no obligation to update such statements, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Orko Silver Corp.
(604) 687-6310

Kingsdale Shareholder Services
Wes Hall
(416) 867-2342

Wendy Yang, Vice President, Investor Relations
(208) 665-0345

Stefany Bales
Director, Corporate Communications
(208) 667-8263
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Coeur Mining Inc.

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