Canplats Resources Corporation
TSX VENTURE : CPQ

Canplats Resources Corporation

January 19, 2010 20:52 ET

Independent Proxy Advisory Firm RiskMetrics Recommends Canplats Securityholders Vote in Favour of the Arrangment With Goldcorp

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2010) - Canplats Resources Corporation (TSX VENTURE:CPQ) ("Canplats" or the "Company") is pleased to announce that RiskMetrics Group (formerly Institutional Shareholders Services) ("RiskMetrics"), Canada's leading independent proxy advisory firm, has published a report recommending that its clients holding Canplats securities vote in favour of the acquisition of Canplats by Goldcorp Inc. ("Goldcorp") by way of a plan of arrangement (the "Arrangement"), as announced on December 29, 2009.

Under the terms of the Arrangement, holders of common shares of Canplats, including common shares issued under the Arrangement in exchange for the "in-the-money" value of options and warrants, will receive, for each common share held, C$4.60 in cash and a common share of Camino Minerals Corporation, a new exploration company, with a notional value of C$0.20.

As indicated in the supplemental management information circular (the "Supplemental Circular") dated January 14, 2010, the Board of Directors of Canplats recommends that Canplats securityholders vote in favour of the resolution approving the Arrangement at the special meeting of the securityholders of Canplats with respect to the Arrangement (the "Canplats Meeting"). The Supplemental Circular sets out the reasons for the Board of Directors' recommendation and also contains other information concerning the Arrangement. Securityholders are encouraged to read the Supplemental Circular carefully in its entirety. The Supplemental Circular can be obtained from the Company's website at www.canplats.com or under the Company's profile on the SEDAR website at www.sedar.com. This announcement is for informational purposes only and does not constitute an offer to purchase common shares or a solicitation of a proxy.

The Canplats Meeting is scheduled for Thursday, January 28, 2010 at 2:00 at the Pan Pacific Vancouver, Ocean View Room, located at 300 – 999 Canada Place, Vancouver, British Columbia. The record date for determination of the securityholders entitled to receive notice of, and vote at, the Canplats Meeting has been fixed as 5:00 p.m. (Vancouver time) on December 14, 2009.

Proxy Voting Deadline

The deadline for the deposit of proxies for use at the Canplats Meeting is 2:00 p.m. (Vancouver time) on January 26, 2010. Voting instruction forms will have to be submitted earlier than forms of proxy. Securityholders who have already properly completed and deposited a proxy or submitted a voting instruction form do not have to take any further action to vote their securities, unless they wish to change their voting instructions.

Securityholders who have completed and deposited a form of proxy or submitted a voting instruction form but wish to change their voting instructions should complete and deposit a new proxy or submit a new voting instruction form reflecting the change in the form of proxy or voting instruction form. Securityholders who have not already completed and deposited a form of proxy or submitted a voting instruction form should do so as soon as possible.

Proxies can be deposited and voting instruction forms can be submitted, including changes to voting instructions, either by telephone or internet. Securityholders are encouraged to use the quickest and easiest method possible to execute their vote and should contact Kingsdale Shareholder Services Inc. (in North America, by telephone (toll-free) at (888) 518-6812) for assistance.

To receive Canplats' news releases, contact Blaine Monaghan, Director, Investor Relations, at info@canplats.com or (866) 338-0047.

Cautionary Note Regarding Forward-Looking Statements

Statements contained in this news release that are not historical fact are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and forward-looking information under the provisions of Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company's ability to raise sufficient capital to fund development, changes in economic conditions or financial markets, changes in prices for the company's mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Mexico, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in the company's filings with the Securities and Exchange Commission and on SEDAR. The company undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.

Permission to refer to the RiskMetrics report was neither sought nor obtained.

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.

Contact Information

  • Canplats Resources Corporation - Corporate Information
    R.E. Gordon Davis
    Chairman and C.E.O.
    Direct: (604) 629-8292
    or
    Canplats Resources Corporation - Corporate Information
    Bruce A. Youngman
    President and C.O.O.
    Direct: (604) 629-8293
    or
    Canplats Resources Corporation - Investor Inquiries
    Blaine Monaghan
    Director, Investor Relations
    Direct: (604) 629-8294 or Toll-Free: (866) 338-0047
    info@canplats.com
    www.canplats.com
    or
    Kingsdale Shareholder Services Inc. - Investor Inquiries
    Toll-Free: (888) 518-6812
    (416) 867-2271 (FAX)
    contactus@kingsdaleshareholder.com
    or
    G2 Consultants Corporation - Investor Inquiries
    (604) 742-9990 or NA Toll-Free: (866) 742-9990
    (604) 742-9991 (FAX)
    canplats@g2consultants.com