Newmont acquires remaining shares of Miramar

By Lisa Kerner

Charlotte, N.C., March 18 - Miramar Mining Corp.'s common shares were delisted from the Toronto Stock Exchange and the American Stock Exchange following the company's acquisition by Newmont Mining Corp.

Newmont acquired 96% of Miramar's stock in January and has completed the compulsory acquisition procedures under the Business Corporations Act (British Columbia) to acquire Miramar's remaining shares, according to a company news release.

On Oct. 9, Newmont announced that it had entered into a definitive agreement to acquire Miramar for C$1.5 billion, or C$6.25 in cash per common share.

Newmont is a Denver-based gold mining company. Miramar is a North Vancouver, B.C.-based gold mining company.

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