DENVER, Nov. 9, 2017 /CNW/ - Newmont Mining Corporation
(NYSE: NEM) (the "Company") announced today that it
acquired, indirectly through its wholly-owned
subsidiary Newmont Canada FN Holdings ULC, 2,179,642 common shares
(the "Common Shares") of TMAC Resources Inc.
("TMAC"), at a price of C$7.00
per Common Share (the "Offering Price"), for total
consideration of C$15,257,494,
pursuant to a private placement (the "Private Placement").
The Private Placement was completed in connection with a concurrent
public offering by TMAC of 2,907,360 Common Shares, plus an
additional 174,442 Common Shares pursuant to an over-allotment
option, conducted through a syndicate of underwriters led by BMO
Capital Markets (the "Public Offering").
As at the date of the previous early warning report filed by the
Company in respect of the Common Shares of TMAC on July 7, 2015 (the "Prior EWR"), the
Company held 22,799,999 Common Shares representing approximately
30.7% of the issued and outstanding Common Shares of TMAC. In 2016,
the Company acquired an aggregate of 1,401,979 Common Shares in
connection with financings completed by TMAC. Immediately prior to
the Private Placement, the Company held 24,201,978 Common Shares,
representing approximately 28.79% of the issued and outstanding
Common Shares of TMAC. Immediately following the Private Placement,
the Company holds 26,381,620 Common Shares, representing
approximately 28.79% of the issued and outstanding Common Shares of
TMAC. The completion of the Private Placement results in no change
in the Company's securityholding percentage from immediately prior
to the Private Placement, and represents a decrease in the
Company's ownership of 1.91% since the date of the Prior EWR.
The common shares of TMAC that the Company purchased were
purchased and are presently being held for investment purposes. In
the future, the Company will evaluate its investment in TMAC from
time to time and may, based on such evaluation, market conditions
and other circumstances, increase or decrease shareholdings as
circumstances require through market transactions, private
agreements or otherwise.
The details of the transaction are disclosed in a short form
prospectus of TMAC dated November 2,
2017 and the material change report of TMAC dated
November 2, 2017, copies of which
have been electronically filed by TMAC with applicable Canadian
securities regulators and are available for viewing on the SEDAR
profile of TMAC at www.sedar.com.
The Company is incorporated under the laws of Delaware and the Company's head office is
located at 6363 South Fiddler's Green Circle, Suite 800,
Greenwood Village, Colorado, USA,
80111. TMAC's head office is located at 95 Wellington Street West,
Suite 1010, Toronto, ON, M5J
2N7.
SOURCE Newmont Mining Corporation