Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for Miramar Mining Corp. > News item |
Newmont, Miramar merger granted Canadian approval
By Lisa Kerner
Charlotte, N.C., Dec. 18 - The Minister of Industry approved Newmont Mining Corp.'s acquisition of Miramar Mining Corp. under the Investment Canada Act.
Newmont's offer to acquire the common shares of Miramar for C$6.25 each ends at 5 p.m. ET on Dec. 21. Total value of the transaction is C$1.5 billion.
MacKenzie Partners, Inc. is the information agent for the offer.
"With the necessary regulatory approvals from the Canadian authorities, we look forward to completing this investment and focusing on the disciplined development of the Hope Bay Project for the benefit of Newmont's shareholders, Nunavut and the communities near Hope Bay," Newmont president and chief executive officer Richard O'Brien said in a company news release.
Newmont is a Denver-based mining company. Miramar is a North Vancouver, B.C.-based gold mining company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.