TORONTO, Dec. 20, 2013 /CNW/ - Newmont Mining Corporation of Canada
Limited (the "Company") (TSX: NMC), a subsidiary of Newmont Mining
Corporation ("Newmont") (NYSE: "NEM"), today announced that it has set
February 18, 2014 as the redemption date (the "Redemption Date") for
the previously announced redemption of all of its outstanding
exchangeable shares (other than those held by Newmont and its
affiliates) and that it has mailed a redemption notice and related
documents to shareholders.
On the Redemption Date, holders of exchangeable shares (other than those
held by Newmont and its affiliates) will receive, in exchange for each
exchangeable share, one share of common stock of Newmont (plus cash in
the amount of all declared and unpaid dividends, if any, provided that
the record date for the payment of such dividends is prior to the
Redemption Date). Newmont or one of its affiliates ("Callco") will
exercise the redemption call right (the "Redemption Call Right") to
acquire all of the outstanding Exchangeable Shares (other than those
held by Newmont and its affiliates) on the Redemption Date.
Accordingly, the Exchangeable Shares will be purchased by Callco,
rather than the Company.
Copies of the redemption notice and related documents, including a
letter of transmittal, will be filed on the Canadian System for
Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com
under the Company's profile.
Cautionary Statement Regarding Forward-Looking Statements:
This release contains "forward-looking information" within the meaning
of applicable Canadian securities laws, including the anticipated
timing and completion of the redemption, that involves known and
unknown risks, uncertainties and other factors that may cause actual
timing, completion or results to be materially different than those
expressed or implied by those forward-looking statements.
Forward-looking information is based on various factors and assumptions
and involves certain risks and uncertainties, should not be interpreted
as guarantees of future results, should not be unduly relied upon, and
will not necessarily be accurate indications of whether or not such
results will be achieved.
SOURCE: Newmont Mining Corporation of Canada Limited
For further information:
Allysa Howell 303.837.5788 firstname.lastname@example.org
Omar Jabara 303.837.5114 email@example.com
Diane Reberger 303.967.9455 firstname.lastname@example.org