Vancouver's Goldcorp Inc. (TSX:G; NYSE:GG) has matched a sweetened offer for Vancouver-based Canplats Resources Corp. (TSX-V:CPQ) made by Minera Penmont.
The revised deal values Canplats at approximately $322.9 million based on the fully diluted number of Canplats shares.
Goldcorp will pay $4.80 per share consisting of $4.60 per share in cash plus shares of a newly-formed exploration company with a notional value of $0.20 per share.
Under the new proposal, the termination fee payable to Goldcorp will be increased to $10.2 million.
The new exploration company would hold $10 million in cash and Canplats' Rodeo, El Rincon, Mecatona, Maijoma and El Alamo properties.
Goldcorp's interest in Canplats revolves around the Camino Rojo project, located 50 kilometres southeast of Goldcorp's Penasquito mine.
Canplats shares rose to a high of $5.15 in late-day trading on Tuesday, up from its $4.96 close on Christmas Eve.
Goldcorp shares fell to $41.30 from its open of $41.92.