If stockholders approve the mega-merger of GLD and NEM...Nem could begin to rebound....Here is the latest press release:
DENVER, April 4 /PRNewswire/ -- Santa Fe Pacific Gold Corporation and Newmont Mining Corporation have set May 5, 1997 as the date for a vote by their respective shareholders on the proposed merger of the two companies.
Santa Fe will hold a special shareholder meeting in Albuquerque at the Albuquerque Marriott Hotel, 2101 Louisiana Boulevard, N.E. at 10 a.m. MST on
Monday, May 5. Newmont Mining Corporation and its 91-percent-owned
subsidiary, Newmont Gold Company, will hold their annual meetings at 11:30
a.m. and noon MST, respectively, at the Forum, Norwest Bank Lobby, 1740
Broadway, in Denver that same day.
The registration statement relating to the shareholder meetings was
declared effective earlier today. Proxy materials are being mailed to all
shareholders in anticipation of the meetings.
If the merger is approved, the combined company will be the largest North
American gold company with proven and probable reserves of 55 million ounces
and gold production of 4 million equity ounces by 1998.
SOURCE Newmont Mining Corporation
-0- 04/04/97
/CONTACT: Doug Hock, 303-837-5812, or Terry Terens, 303-837-6141; or
Bruce Hansen, 505-880-5300/
(NEM GLD)
CO: Santa Fe Pacific Gold Corporation; Newmont Mining Corporation
ST: Colorado
IN: MNG
SU: TNM |
