Bluestone Resources Inc. (TSXV:BSR) entered into a letter of intent to acquire Goldcorp NRG Limited and Minerales Entre Mares De Guatemala, S.A. from Goldcorp Inc. (TSX:G) for $50 million on January 4, 2017. Under the terms of the letter of intent, Bluestone will acquire a 100% interest in Minerales Entre Mares de Guatemala, S.A., Goldcorp's subsidiary which holds a 100% interest in Cerro Blanco; a 100% interest in Goldcorp NRG Limited, Goldcorp's subsidiary which holds a 100% interest in Geotermia Oriental de Guatemala, S.A. which in turn holds 100% interest in Mita Geothermal; a right of first refusal (the "Marlin Equipment ROFR") on the assets, including the mining fleet, processing plant, and other equipment related to Goldcorp's Marlin mine in Guatemala once mining and processing activities cease; and a commitment by Goldcorp to fund 9.9% of all future equity financings undertaken by Bluestone in connection with the development and construction of Cerro Blanco for a period of three years from the closing date of the transaction. The consideration comprises a cash payment of $20 million at closing, 1% net smelter return royalty on production, an additional payment of $15 million upon declaration of "commercial production" at Cerro Blanco and issue of 9.9% of the fully diluted issued and outstanding securities of Bluestone, after the completion of an equity financing worth $30 million. The upfront cash payment shall be funded through an equity financing of not less than $30 million. On February 28, 2017, Bluestone increased size of private placement financing to $60.5 million. As of April 20, 2017 Bluestone Resources Inc. (TSXV:BSR) entered into an agreement to acquire Goldcorp NRG Limited and Minerales Entre Mares De Guatemala, S.A. from Goldcorp Inc. (TSX:G). Pursuant to the agreement, Bluestone will acquire all of the outstanding debt owed from Entre Mares to Goldcorp, all of the issued and outstanding shares of Entre Mares and, consequently, a 100% interest in the Cerro Blanco Project, all of the issued and outstanding shares of Goldcorp NRG Limited and, consequently, a 100% interest in the Mita Geothermal Project; and a right of first refusal (the “Marlin Assets ROFR”) on the assets, including the mining fleet, processing plant, and other equipment related to Goldcorp’s Marlin mine in Guatemala once mining and processing activities cease. The aggregate purchase price consists of $17.9 million in cash, plus an additional $2 million in cash as a non-refundable deposit to be applied to the purchase price of Marlin assets under the Marlin Assets ROFR, to be paid on the closing date of the acquisition, a 1% net smelter returns royalty on the sale of gold and silver produced from the Cerro Blanco Project to be granted to Goldcorp on the acquisition closing date, $15 million to be paid in cash to Goldcorp within six months of the commencement of commercial production at the Cerro Blanco Project, special warrants of Bluestone to be issued to Goldcorp on the acquisition closing date. At the qualification time, each Consideration Special Warrant will automatically entitle Goldcorp to acquire one share without further payment or action, resulting in Goldcorp holding 4.9% of the number of issued and outstanding shares on the closing date; and warrants of Bluestone to be issued to Goldcorp on the closing date in an amount which represents 4.9% of the total outstanding convertible securities of Bluestone on the completion of the acquisition. Each consideration warrant will be exercisable into one share at an exercise price of $1.49 for a period of 24 months from the closing date. As a result of the increase in the size of the Offering, Goldcorp has agreed to reduce its equity interest from 9.9% to 4.9% and forego its right to appoint a nominee to the Bluestone’s board in exchange for Bluestone releasing Goldcorp from its obligation to provide further equity financing. Completion of the transaction is subject to completion of financing and obtaining all regulatory approvals, including approval from TSX Venture Exchange. The transaction is expected to be complete on or before May 31, 2017. Cormark Securities Inc. acted as financial advisor and received an acquisition fee of $0.85 million, while Axium Law Corporation acted as legal advisor to Bluestone. National Bank of Canada Financial, Inc. acted as financial advisor to Goldcorp.