To ease acquisition, Barrick moves to change Newmont bylaws

Section:

Newmont Says Barrick Intends to Propose Changes of Newmont By-Laws

By Ismail Shakil
Reuters
Sunday, February 24, 2019

Newmont Mining Corp said today that Barrick Gold Corp. intends to propose lowering the ownership threshold needed to call a meeting of Newmont shareholders.

Newmont said it received notice of intent from a unit of Barrick for two shareholder proposals for consideration at Newmont's next annual meeting of stockholders.

... Dispatch continues below ...



ADVERTISEMENT

First Vanadium Acquires Strategic Land Position
Extending the Carlin Vanadium Deposit in Nevada

Company Announcement
Thursday, January 31, 2019

VANCOUVER, British Columbia, Canada -- First Vanadium Corp. (TSXV: FVAN, OTCQX: FVANF, FSE: 1PY), formerly Cornerstone Metals Inc., has made a strategic acquisition of the southern extension of the Carlin Vanadium deposit 6 miles south of Carlin, Nevada.

The company has gained mineral rights to an additional 200-meter strike length of the Carlin Vanadium deposit through an access and mineral lease agreement to approximately 80 acres of private (fee simple) land immediately adjacent to the Carlin Vanadium property (called the Cole Creek property). Six vertical holes drilled by Union Carbide in the 1960s on this adjacent ground demonstrated a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67 meters to 28.96 meters (average 18.54 meters or 60.8 feet) and grades ranging from 0.37 to 0.82 percent vanadium oxide (average 0.57 percent V2O5). ...

... For the remainder of the announcement:

https://www.firstvanadium.com/index.php/news/2019/485-



The proposals would be to lower the ownership threshold necessary to call shareholder meetings to 15 percent from the current 25 percent, and to repeal all bylaw amendments implemented since Oct. 24, Newmont said in a statement.

If successful, the proposals would make it easier for shareholders to call a vote to oust Newmont's board, and come as further sign that Barrick could be moving ahead with preparations for a hostile bid for Newmont. ...

... For the remainder of the report:

https://www.reuters.com/article/newmont-mining-ma-barrick-gold/newmont-s...

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16