Newmont extends deadline for acquiring Miramar's shares

By Devika Patel

Knoxville, Tenn., Dec. 6 - Newmont Mining Corp. and Miramar Mining Corp. jointly announced that Newmont has extended the acceptance deadline for its offer to buy all of Miramar's outstanding shares to 5 p.m. ET on Dec. 21.

The offer is being extended to allow additional time to obtain approval for the acquisition under the Investment Canada Act.

As previously reported, Newmont entered into 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 deal.

Newmont is a Denver-based mining company. Miramar is a North Vancouver, B.C.-based gold mining company.

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