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.
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