DENVER, Dec. 24, 2019 /CNW/ - Newmont Goldcorp
Corporation ("Newmont Goldcorp") announced today that on
December 18, 2019, Goldcorp Inc.
("Goldcorp"), its wholly-owned subsidiary, disposed of
3,478,261 common shares (each, a "Common Share") and
3,478,261 common share purchase warrants (each, a "Warrant")
of Origin Gold Corporation ("Origin") for aggregate
consideration of $177,391.31 (the
"Disposition"). The Disposition occurred on the TSX Venture
Exchange.
Prior to the Disposition, Goldcorp beneficially owned or
exercised control or direction over 3,478,261 Common Shares and
3,478,261 Warrants, representing approximately 6.7% of issued and
outstanding Commons Shares or approximately 12.6% of issued and
outstanding Common Shares (assuming exercise of the Warrants held
by Goldcorp). Following the completion of the Disposition, Goldcorp
will own, and Newmont Goldcorp will beneficially own, no Common
Shares and no Warrants.
The Common Shares and Warrants were held by Goldcorp and were
disposed of for investment purposes. Newmont Goldcorp may, based on
its future evaluation of Origin, market conditions and other
circumstances, increase its shareholdings as circumstances require
through market transactions, private agreements, or otherwise.
Newmont Goldcorp's address is 6363 South Fiddler's Green Circle,
Suite 800, Greenwood Village, CO,
80111. Origin is listed on the TSX Venture Exchange ("OIC") and its
address is 1801 Avenue McGill College, Bureau 950, Montréal,
Québec, H3A 2N4. A copy of the early warning report filed by
Newmont Goldcorp in connection with the Disposition is available on
Origin'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.
SOURCE Newmont Goldcorp Corporation