Coeur d'Alene and Bolnisi Extend Due Diligence Period
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Coeur d'Alene Mines Corp.
400 Coeur d'Alene Bldg., 505 Front Ave.
Coeur d'Alene, ID, 83814
Press release date: June 22, 2007
COEUR D'ALENE, Idaho, June 22 -- Coeur d'Alene Mines Corporation (NYSE: CDE; TSX: CDM) today announced that Bolnisi has agreed to extend Coeur's due diligence period to July 3, 2007, under the Merger Implementation Agreement relating to Coeur's proposed acquisition of Bolnisi, which is part of a larger transaction that also would result in Coeur's acquisition of Palmarejo Silver and Gold Corporation (TSX-V: PJO).
As previously announced on June 8, 2007, Coeur and Bolnisi agreed to extend Coeur's due diligence period by 14 days to June 22, 2007.
About Coeur d'Alene
Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.
Contacts Coeur Mitchell J. Krebs Senior Vice President - Corporate Development (888) 545-1138
Matthew Sherman / Jennifer Schaefer both of Joele FrankJoele Frank, Wilkinson Brimmer Katcher (212) 355-4449 for Coeur
FCMN Contact: firstname.lastname@example.org
Source: Coeur d'Alene Mines Corporation