this is from the probe web site

Probe is pleased to be forming New Probe in partnership with Goldcorp to continue the success of the Probe team. Chairman Jamie Sokalsky and President and CEO David Palmer will continue in the same roles at New Probe along with members of Probe's board and management team. In addition to exploring the properties in its portfolio, Goldcorp looks forward to supporting New Probe in the execution of its business plan. Goldcorp will capitalize New Probe with C$15 million in cash and a C$4 million receivable related to Goldex and will retain its pro rata ownership of 9.3% in New Probe for a period of at least two years. Conservatively valuing New Probe at cash and receivable value would provide Probe shareholders with an additional C$0.18 per share of consideration. New Probe intends to make application to list its shares on the TSX-V.