Newmont Corporation Files Early Warning Report
17 July 2020 - 12:00PM
Business Wire
Newmont Corporation (NYSE: NEM, TSX: NGT) (“Newmont”) announced
today that on July 16, 2020, through its wholly owned subsidiary,
Goldcorp Inc., it disposed of 17,662,646 common shares (each, a
“Common Share”) of Gold Standard Ventures Corp. (“GSV”) (the
“Disposition”). The Disposition took place on the Chi-X
Exchange.
Immediately prior to the Disposition, Newmont beneficially owned
or exercised control or direction over 35,325,291 Common Shares,
representing approximately 12.4 percent of the issued and
outstanding Common Shares. Following the Disposition, Newmont, now
owns 17,662,645 Common Shares, representing approximately 6.2
percent of the issued and outstanding Common Shares. The Common
Shares were sold for $1.12 per share, for aggregate consideration
of $19,782,163.52.
The Common Shares were originally held for investment purposes.
Newmont will evaluate its investment in GSV from time to time and
may, based on such evaluation, market conditions and other
circumstances, increase or decrease its shareholdings as
circumstances require through market transactions, private
agreements, or otherwise.
Newmont’s address is 6363 South Fiddler’s Green Circle, Suite
800, Greenwood Village, CO 80111. GSV is listed on the TSX and its
address is Suite 610, 815 West Hastings Street, Vancouver, British
Columbia, Canada V6C 1B4. A copy of the early warning report filed
by Newmont in connection with the Disposition is available on GSV’s
SEDAR profile.
About Newmont
Newmont is the world’s leading gold company and a producer of
copper, silver, zinc and lead. The Company’s world-class portfolio
of assets, prospects and talent is anchored in favorable mining
jurisdictions in North America, South America, Australia and
Africa. Newmont is the only gold producer listed in the S&P 500
Index and is widely recognized for its principled environmental,
social and governance practices. The Company is an industry leader
in value creation, supported by robust safety standards, superior
execution and technical proficiency. Newmont was founded in 1921
and has been publicly traded since 1925.
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version on businesswire.com: https://www.businesswire.com/news/home/20200716006109/en/
Media Contact Eric Colby
303-837-5724 eric.colby@newmont.com
Investor Contact Jessica Largent
303-837-5484 jessica.largent@newmont.com
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