Newmont Announces Proposed Common Stock Offering, 29M Shares

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Newmont Mining Corporation
NEM
("Newmont" or "the Company") today announced its intention to offer 29,000,000 shares of its common stock, subject to market and other conditions, through a registered public offering. In connection with the common stock offering, Newmont has granted the underwriters a 30-day option to purchase up to an additional 4,350,000 shares of common stock. The offering will be made pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from this offering to fund the acquisition from AngloGold Ashanti Limited of the Cripple Creek and Victor mine in Colorado (the "CC&V Acquisition"), supplemented with cash from the Company's balance sheet. Until the CC&V Acquisition is completed, the Company intends to place the net proceeds from this offering in short-term liquid investments. If the CC&V Acquisition is not completed, the Company intends to use the net proceeds from the offering for general corporate purposes (which may include repaying debt, funding exploration, developing its project pipeline, paying dividends or other forms of capital returned to shareholders). Citigroup Global Markets Inc., J.P. Morgan and HSBC Securities (USA) Inc. will act as joint book-running managers for the offering. Copies of the preliminary prospectus supplement and accompanying prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at (800) 831-9146, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions at 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (866) 803‐9204 or from HSBC Securities (USA) Inc., Attention: Prospectus Department, 452 Fifth Avenue, New York, NY 10018 or by telephone at (877) 429-7459 or by email at ny.equity.syndicate@us.hsbc.com. An electronic copy may also be obtained at www.sec.gov. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus. A registration statement relating to the securities has been filed with the Securities and Exchange Commission, which is effective. A preliminary prospectus supplement relating to the offering will be filed with the Securities and Exchange
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