Newmont (NEM) announced the sale of common shares of Orosur Mining. Newmont disposed of 29,213,186 common shares in a private transaction, at a price of C$0.19 per common share, for aggregate gross proceeds of C$5.55M. Immediately prior to the disposition, Newmont held 29,213,186 common shares. As a result of dilution following certain distributions of common shares by the issuer, Newmont’s holdings immediately prior to the disposition represented approximately 9.4% of the issued and outstanding common shares on a non-diluted basis. As a result of this disposition, Newmont no longer holds any common shares of the issuer. The common shares disposed of were sold for investment purposes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEM:
- Newmont Mining Reports Record Cash Flow Amid Challenges
- Newmont price target raised to $72 from $69 at Scotiabank
- Newmont price target raised to $69 from $67 at Raymond James
- Newmont upgraded to Outperform from Sector Perform at National Bank
- Early notable gainers among liquid option names on July 25th