CR Intrinsic sells shares of Miramar Mining

By Lisa Kerner

Charlotte, N.C., Oct. 25 - Miramar Mining Corp. investors led by CR Intrinsic Investors, LLC sold 159,197 shares of the company's stock between Aug. 27 and Oct. 24.

The shares were priced from C$4.15 to C$6.54 each, according to a schedule 13D filing with the Securities and Exchange Commission.

The reporting persons own 11,410,800 shares, or 5.2%, of the North Vancouver, B.C., company. Miramar mines gold-bearing mineral properties in Canada.

On Oct. 9, Newmont Mining Corp. announced a definitive agreement to acquire Miramar for C$1.5 billion, or C$6.25 in cash per common share. Miramar's board unanimously approved the terms of the takeover and will recommend that shareholders tender to the offer, it was previously reported.

Newmont is a Denver-based mining company.

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