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G Augusta Gold Corp

1.03
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Augusta Gold Corp TSX:G Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.03 0.99 1.07 0 01:00:00

Newmont Holder Vote on Goldcorp Deal Clears Way for Special Dividend

11/04/2019 4:52pm

Dow Jones News


Augusta Gold (TSX:G)
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By Colin Kellaher

 

Newmont Mining Corp. (NEM) on Thursday said its shareholders approved the authorization and issuance of common shares needed for its $10 billion takeover of Goldcorp Inc. (GG, G.T), paving the way for Newmont to pay the special dividend it offered to placate investors who were unhappy with the deal.

Newmont said the vote, coupled with last week's approval of the deal by Goldcorp's shareholders, satisfied the conditions of the 88-cent dividend, which it will pay on May 1.

Newmont proposed the payout last month after two large shareholders said the Goldcorp deal transferred away significant gains from a Nevada joint venture between Newmont and Barrick Gold Corp. (ABX.T).

Denver-based Newmont said it expects to complete the Goldcorp transaction during the second quarter.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 11, 2019 11:37 ET (15:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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