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Funds owning Big Winners

MIRAMAR MINING (MNG) SHARES TO BE PURCHASED BY NEWMONT MINING 10/09/2007

FUNDS WHO OWN MIRAMAR  MINING (MNG)

Company Name Shares
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MIRAMAR MINING (MNG) SEC FILINGS http://livermore.brand.edgar-online.com/?sym=mng  

bizjournals.com
Newmont buying Vancouver gold miner
Tuesday October 9, 11:42 am ET

Newmont Mining Corp. said Tuesday it will pay $1.52 billion for a Canadian mining company.

Denver-based Newmont (NYSE: NEM) and Miramar Mining Corp. (AMEX: MNG) of Vancouver, British Columbia, jointly announced the pending purchase and said the deal has the unanimous support of the Miramar board.

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The details of the takeover bid will be released by the end of the month.

Newmont is a gold miner with operations in the United States, Australia, Peru, Indonesia and Ghana.

Newmont invested in Miramar in 2005 and holds an 8.4 percent stake in the company. Miramar controls the Hope Bay Project, described as one of the largest undeveloped gold projects in North America.

Richard O'Brien, CEO and president of Newmont, said in a statement that his company invested in Miramar two years ago "because we saw the potential strategic opportunity offered by the Hope Bay Project as a part of our broader exploration and growth portfolio."

Newmont said it received a $1.3 billion financing commitment from JPMorgan and Citigroup. The company already has $1.5 billion under its current revolving credit facility.

Genuity Capital Markets is Newmont's financial adviser in the deal. JPMorgan and Citigroup are its co-advisers.

Published October 9, 2007 by The Denver Business Journal

 

Published Tuesday, October 09, 2007 9:46 PM

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