DENVER, July 21, 2021 /CNW/ - Newmont Corporation (NYSE: NEM) (TSX: NGT) ("Newmont") announced that on July 20, 2021, through its wholly owned subsidiary, Goldcorp Inc., it disposed of it 15,148,646 common shares (each, a "Common Share") of Probe Metals Inc. ("Probe Metals") (the "Disposition").
Immediately prior to the Disposition, Newmont beneficially owned or exercised control or direction over 15,148,646 Common Shares, representing approximately 11.6 percent of the issued and outstanding Common Shares. Following the Disposition, Newmont no longer has legal or beneficial ownership of any of the issued and outstanding Common Shares of Probe Metals. The Common Shares were sold for C$1.5751 per share, for aggregate consideration of C$23,860,632.31. The Common Shares were sold pursuant to a private transaction.
The Common Shares were originally held for investment purposes. Newmont currently has no future intention relating to Probe Metals.
Newmont's address is 6900 E Layton Avenue, Suite 700, Denver, CO 80237. Probe Metals is listed on the TSX Venture Exchange and its address is 56 Temperance Street, Suite 1000, Toronto, Ontario, M5H 3V5. A copy of the early warning report filed by Newmont in connection with the Disposition is available on Probe Metals' SEDAR profile.
About Newmont
Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The Company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont was founded in 1921 and has been publicly traded since 1925.
At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, visit our annual Sustainability Report at www.newmont.com.
SOURCE Newmont Corporation
Media Contact: Courtney Boone, 303-837-5159, [email protected]; Investor Contact: Eric Colby, 303-837-5724, [email protected]
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