Newmont Announces Acquisition of GT Gold
Supports Position as World’s Leading Gold Company and Enhances World-Class Portfolio Newmont Corporation and GT Gold Corp. announced that the companies have entered into a binding agreement in which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Under the terms of the agreement, Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration … Supports Position as World’s Leading Gold Company and Enhances World-Class Portfolio Newmont Corporation (NYSE: NEM, TSX:NGT) and GT Gold Corp. (TSX-V: GTT) announced that the companies have entered into a binding agreement in which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Under the terms of the agreement, Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration of approximately US$311 million (C$393.0 million).