Newmont Offer to Acquire Miramar Mining Receives Investment Canada Approval

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[{"type":"text","content":"\n\n\n\nDENVER, Dec. 18 /CNW/ -- Newmont Mining Corporation (NYSE: NEM) announced\ntoday that the Minister of Industry, The Honourable Jim Prentice, confirmed\nthat he is satisfied that the acquisition of Miramar Mining Corporation (Amex:\nMNG, TSX: MAE), on the terms provided in the support agreement relating to the\ntransaction and certain undertakings provided by Newmont, is likely to be of\nnet benefit to Canada, as required by the Investment Canada Act.\n\n\nRichard O'Brien, President and Chief Executive Officer of Newmont, said,\n"With the necessary regulatory approvals from the Canadian authorities, we\nlook forward to completing this investment and focusing on the disciplined\ndevelopment of the Hope Bay Project for the benefit of Newmont's shareholders,\nNunavut and the communities near Hope Bay."\n\n\nNewmont's offer to acquire the common shares of Miramar for C$6.25 per\nshare will expire at 5:00 p.m. (Toronto time) on December 21, 2007. The offer\nremains subject to there having been deposited a number of common shares of\nMiramar that, together with the common shares held by Newmont and its\naffiliates, constitutes at least 66 2/3 percent of the common shares of\nMiramar then outstanding. Miramar shareholders are encouraged to tender their\nshares as soon as possible. All of the directors and senior officers of\nMiramar have tendered their shares to the offer.\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 at no charge from the information agent, MacKenzie Partners,\nInc. 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 Sustainability Index-World. Newmont's industry\nleading performance is reflected through high standards in environmental\nmanagement, health and safety for its employees and creating value and\nopportunity for host communities and sha...

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