Newmont Mining Corporation of Canada Limited Announces Completion of the Redemption of its Exchangeable Shares - WSPA.com

Newmont Mining Corporation of Canada Limited Announces Completion of the Redemption of its Exchangeable Shares

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SOURCE Newmont Mining Corporation of Canada Limited

TORONTO, Feb. 18, 2014 /CNW/ - Newmont Mining Corporation of Canada Limited (the "Company") (TSX: NMC), a subsidiary of Newmont Mining Corporation ("Newmont") (NYSE: "NEM"), today announced the completion of the previously announced redemption of all of its outstanding exchangeable shares (other than those held by Newmont and its affiliates). In accordance with the terms of the exchangeable shares, Newmont Holdings ULC exercised the redemption call right and acquired each exchangeable share in consideration for one share of common stock of Newmont. The exchangeable shares will be delisted from the Toronto Stock Exchange as of the close of business today.

Former holders of exchangeable shares will be entitled to receive dividends declared on the shares of Newmont common stock with a record date on or after February 18, 2014.

A redemption notice and a letter of transmittal were mailed to registered holders of exchangeable shares on December 20, 2013. Copies of these documents have also been filed on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com under the Company's profile.

Former holders of exchangeable shares no longer have any rights as holders thereof, other than the right to receive one share of Newmont common stock for each exchangeable share previously held. Former registered holders who have not yet received their shares of common stock of Newmont can do so by validly completing and duly executing a letter of transmittal and returning it, together with the certificate(s) representing their exchangeable shares, to the attention of Computershare Investor Services Inc. at the address set out in the letter of transmittal. Failure to submit a properly completed letter of transmittal as soon as possible could adversely impact a former registered shareholder's rights as a holder of Newmont common stock, including the right to vote at Newmont's 2014 Annual Meeting of Stockholders.

Cautionary Statement Regarding Forward-Looking Statements:

This release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including the payment of dividends and the delisting of the exchangeable shares, that involves known and unknown risks, uncertainties and other factors that may cause actual timing, completion or results to be materially different than those expressed or implied by those forward-looking statements. Forward-looking information is based on various factors and assumptions and involves certain risks and uncertainties, 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.

©2012 PR Newswire. All Rights Reserved.

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