DENVER, July 21, 2021 /CNW/ - Newmont Corporation (NYSE:
NEM) (TSX: NGT) ("Newmont") announced that on July 20, 2021, through its wholly owned
subsidiary, Goldcorp Inc., it disposed of it 15,148,646 common
shares (each, a "Common Share") of Probe Metals Inc.
("Probe Metals") (the "Disposition").
Immediately prior to the Disposition, Newmont beneficially owned
or exercised control or direction over 15,148,646 Common Shares,
representing approximately 11.6 percent of the issued and
outstanding Common Shares. Following the Disposition, Newmont no
longer has legal or beneficial ownership of any of the issued and
outstanding Common Shares of Probe Metals. The Common Shares were
sold for C$1.5751 per share, for
aggregate consideration of C$23,860,632.31. The Common Shares were sold
pursuant to a private transaction.
The Common Shares were originally held for investment purposes.
Newmont currently has no future intention relating to Probe
Metals.
Newmont's address is 6900 E Layton Avenue, Suite 700,
Denver, CO 80237. Probe Metals is
listed on the TSX Venture Exchange and its address is 56 Temperance
Street, Suite 1000, Toronto,
Ontario, M5H 3V5. A copy of the early warning report filed
by Newmont in connection with the Disposition is available on Probe
Metals' 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.
At Newmont, our purpose is to create value and improve lives
through sustainable and responsible mining. To learn more about
Newmont's sustainability strategy and initiatives, visit our annual
Sustainability Report at www.newmont.com.
SOURCE Newmont Corporation