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BRIEF-Continental Gold announces agreement with Newmont Mining Corp to purchase 37.38 million common shares of co
May 11, 2017 / 10:26 AM / 4 months ago

BRIEF-Continental Gold announces agreement with Newmont Mining Corp to purchase 37.38 million common shares of co

May 11 (Reuters) - Continental Gold Inc

* Announce that Newmont Mining Corp has agreed to purchase 37.38 million common shares of company at a price of c$4.00 per share

* Deal for a total investment of US$109 million in a non-brokered private placement

* RK Mine finance master fund I limited also agreed to purchase 8.59 million common shares of co at c$4.00/share

* After private equity placements, Newmont & Red Kite will own about 19.9 pct and 4.6 pct, respectively of Co

* Private placements will not close before May 18, 2017 Source text for Eikon: Further company coverage:

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