Newmont Mining Corporation of Canada Limited Announces Closing of Previously Announced Reorganization
TORONTO, Dec. 15, 2011 /PRNewswire/ -- Newmont Mining Corporation of Canada Limited (the "Company") (TSX: NMC) a subsidiary of Newmont Mining Corporation (NYSE: "NEM") ("Newmont"), today announced that the completion of the previously announced reorganization involving the Company and certain of its affiliates.
Pursuant to the reorganization, former holders of exchangeable shares of Newmont FN Canada Holdings Limited (formerly Newmont Mining Corporation of Canada Limited) ("Old NMCCL") received, at their election, either new exchangeable shares of the Company with rights that are substantively identical to the exchangeable shares of Old NMCCL (including the same equivalence to common stock of Newmont) or the shares of Newmont common stock into which their exchangeable shares of Old NMCCL were exchangeable immediately prior to the completion of the reorganization. The new exchangeable shares are expected to commence trading on the Toronto Stock Exchange (the "TSX") at the opening of trading on Friday, December 16, 2011.
Additional information regarding the reorganization is included in the information circular that was delivered to shareholders of Old NMCCL, which is available at www.sedar.com.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and "forward-looking information" within the meaning of applicable Canadian securities laws, all of which are intended to be covered by the safe harbors created by such sections and other applicable laws, (such forward-looking statements and information being referred to in this release as "forward-looking statements"), including those relating to the anticipated benefits and effects of the proposed reorganization, the rights of holders of exchangeable shares and the posting for trading of the new exchangeable shares on the TSX, involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by those forward-looking statements. Forward-looking statements are based on various factors and assumptions and involve certain risks and uncertainties (including those described in the information circular and the documents incorporated by reference therein), 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
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