VANCOUVER, Sept. 4, 2013 /CNW/ - Newmont Canada FN Holdings ULC ("Newmont"), a subsidiary of Newmont Mining Corporation, announced today that it has acquired beneficial ownership of 17.76 million (approximately 35.7% after giving effect to the exercise of certain warrants in connection with the transaction) of the outstanding common shares of Novo Resources Corp. ("Novo") pursuant to private agreements with two shareholders of Novo. The price to be paid by Newmont for the common shares acquired under the two agreements is $0.914, in cash, per common share and $0.90, in cash, per common share, respectively.
Newmont is acquiring the common shares of Novo for investment purposes and may, subject to market conditions, take other actions in respect of Novo, including making additional investments in, or effecting dispositions of, securities of Novo.
In acquiring the beneficial ownership of the common shares, Newmont has relied on the exemption from the prospectus requirements under section 2.3 of National Instrument 45-102 and the exemption from the requirements of Part 2 of Multilateral Instrument 62-104 under section 4.2 of Multilateral Instrument 62-104.
SOURCE: NEWMONT CANADA FN HOLDINGS ULC
For further information:
A copy of the report to be filed with Canadian securities regulators in connection with these acquisitions can be obtained upon its filing by contacting:
Newmont Canada FN Holdings ULC
Suite 1900, 355 Burrard Street
Vancouver, British Columbia