VANCOUVER, BC, March 1,
2024 /CNW/ - Newmont
Corporation ("Newmont"), will file an early warning
report (the "Early Warning Report") advising of its holdings
in common shares ("Shares") of Sirios Resources Inc. (TSXV:
SOI) ("Sirios").
On February 29, 2024, Newmont
Corporation ("Newmont"), through its subsidiary Goldcorp
Inc. ("Goldcorp"), indirectly disposed of an aggregate of
24,982,352 common shares and directly disposed of an aggregate
of 5,410,020 common shares (the "Shares") of Sirios pursuant
to a private purchase agreement (the "Transaction").
Newmont, through Goldcorp, received aggregate cash proceeds in
the amount of C$1,300,000 from the
Transaction, representing an average price per Share of
C$0.0428. Prior to the Transaction,
Newmont through Goldcorp, held 24,982,352 Shares and directly held
5,410,020 Shares, representing approximately 10.98% of the issued
and outstanding Shares of Sirios on a fully diluted basis and no
convertible securities. The Shares represent 10.98% of the
issued and outstanding Shares of Sirios. As a result of the
Transaction, Goldcorp and Newmont hold and Newmont beneficially
holds, no common shares or convertible securities of
Sirios.
Newmont, through Goldcorp, disposed of the Shares as a result of
investment considerations. Depending on market conditions and other
factors, Goldcorp or Newmont may from time to time acquire and/or
dispose of common shares or other securities of Sirios, directly or
indirectly, whether in the open market, by private placement
issuance, by private negotiated agreement or otherwise.
This news release is being issued as required by National
Instrument 62-103 - The Early Warning System and Related Take-Over
Bid and Insider Reporting Issues in connection with the filing of
an Early Warning Report dated February 29,
2024. The Early Warning Report respecting this acquisition
will be filed on Sirios' profile on the System for Electronic
Document Analysis and Retrieval ("SEDAR+").
About Newmont
Newmont is the world's leading gold company and a producer of
copper, silver, zinc and lead. Newmont's world-class portfolio of
assets, prospects and talent is anchored in favorable mining
jurisdictions in North America,
South America, Australia and Africa. Newmont is the only gold producer
listed in the S&P 500 Index and is widely recognized for its
principled environmental, social and governance practices. Newmont
is an industry leader in value creation, supported by robust safety
standards, superior execution and technical proficiency. Newmont
was founded in 1921 and has been publicly traded since 1925.
Newmont is incorporated under the laws of Delaware and their head office is located at
6900 E. Layton Ave., Suite 700, Denver,
CO, 80237.
Forward–Looking Statements
This press release contains forward-looking information
within the meaning of Canadian securities laws (collectively
"forward-looking statements"). Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, plans, postulate and similar expressions, or are
those, which, by their nature, refer to future events. All
statements that are not statements of historical fact are
forward-looking statements. Forward-looking statements in this
press release include but are not limited to statements regarding,
creation of value for Goldcorp's shareholders, and other
statements. Although Goldcorp believes any forward-looking
statements in this press release are reasonable, it can give no
assurance that the expectations and assumptions in such statements
will prove to be correct. Factors that could cause
actual results to differ materially from such forward-looking
information include, but are not limited to, changes in the state
of equity and debt markets, fluctuations in commodity prices,
delays in obtaining required regulatory or governmental approvals,
delays or issues related to the closing of the Subscription.
Forward-looking information in this news release is based on the
opinions and assumptions of management considered reasonable as of
the date hereof, including that all necessary governmental and
regulatory approvals will be received as and when expected.
Although Goldcorp believes that the assumptions and factors used in
preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information. Goldcorp disclaims any intention or obligation to
update or revise any forward-looking information, other than as
required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Newmont Corporation