Newmont Increases Ownership of Miramar to Approximately 93 Percent and Extends Offer for Miramar

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[{"type":"text","content":"\n\n\n\nOffer period extended to January 18, 2008\n\n\nDENVER, Jan. 4 /CNW/ -- Newmont Mining Corporation (NYSE: NEM) announced\ntoday that Newmont Mining B.C. Limited, an indirect wholly-owned subsidiary of\nNewmont, has taken up 189,393,986 common shares of Miramar Mining Corporation\n(Amex: MNG; TSX: MAE) under its offer to acquire all of the common shares of\nMiramar at a price of Cdn. $6.25 cash per common share. The common shares that\nhave been taken up under the offer represent approximately 92 percent of the\noutstanding common shares of Miramar, not including the 18,500,000 common\nshares indirectly owned by Newmont at the time it made the offer. The common\nshares that have been taken up under the offer, together with the 18,500,000\ncommon shares already indirectly owned by Newmont, represent approximately 93\npercent of the outstanding common shares of Miramar.\n\n\nNewmont is extending the period for acceptance of its offer until 8:00\np.m. (Toronto time) on January 18, 2008 to permit shareholders of Miramar that\nhave not yet tendered to the offer to do so. Newmont intends to proceed to\nacquire any common shares of Miramar that are not tendered to the offer\npursuant to statutory compulsory acquisition rights.\n\n\nThe offer and take-over bid circular dated October 31, 2007 and the\nnotices of extension dated December 6, 2007 and December 21, 2007, which have\nbeen filed with the Canadian securities commissions and the United States\nSecurities and Exchange Commission are, and the notice of extension that is\nbeing filed will be, available at http://www.sedar.com and http://www.sec.gov.\n\n\nMacKenzie Partners, Inc. is the information agent for the offer.\nShareholders can obtain copies of the offer and take-over bid circular and\nrelated materials and the notices of extension at no charge from the\ninformation agent, at (800) 322-2885 or by email at\[email protected].\n\n\nAbout Newmont:\n\n\nFounded in 1921 and publicly traded on the NYSE since 1925, Newmont is\none of the largest gold companies in the world. Headquartered in Denver,\nColorado, the company employs approximately 15,000 people, the majority of\nwhom work at Newmont's core operations in the United States, Australia, Peru,\nIndonesia and Ghana. Newmont is the only gold company listed in the S&P 500\nindex and in the Dow Jones Susta...

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