Newmont Mining Corporation Announces Acquisition of Common Shares of Gabriel Resourcesadmin
Newmont Mining Corporation announced that it has acquired 3.88m common shares of Gabriel Resources through open market purchases on the Toronto Stock Exchange, representing approx 1.5% of Gabriel’s outstanding common shares. Newmont holds, in the aggregate as of 2 June 2008, 50.7m common shares, representing approx 19.9% of the outstanding common shares of Gabriel. The average price paid by Newmont for the acquisition of the 3.88m common shares is Cdn. $2.86 per common share.
Original Announcement: Acquisition of Common Shares of Gabriel Resources LTD.