![]() We look forward to capitalizing on Newmont’s experience to successfully kick-off formal construction at the Buriticá project later this year. Newmont is our first choice for a cornerstone investor with its best-in-class balance sheet, excellent operating team and recent track record of delivering projects on schedule and under budget. ![]() The private placements will not close before post receipt of regulatory approvals, including by the Toronto Stock Exchange.Īri Sussman, CEO of Continental, commented: “After completing a formal process in which a number of alternatives (including multiple equity financing offers) were evaluated, we are pleased to be welcoming Newmont and Red Kite as investors in Continental. After giving effect to the private equity placements, Newmont and Red Kite will own approximately 19.9% and 4.6%, respectively, of the issued and outstanding common shares of Continental on a non-diluted basis. Concurrently with Newmont’s investment in Continental, RK Mine Finance Master Fund I Limited (“Red Kite”) has also agreed to purchase 8.59 million common shares of the Company on a private placement basis at a price of C$4.00 per share for a total investment of US$25 million, as contemplated in Continental’s secured project credit facility (the “Credit Facility”) with Red Kite. (TSX: CNL) (OTCQX: CGOOF) (“Continental” or the “Company”) is pleased to announce that Newmont Mining Corporation (“Newmont”) has agreed to purchase 37.38 million common shares of the Company at a price of C$4.00 per share for a total investment of US$109 million in a non-brokered private placement (the “Newmont Private Placement”). ![]() Bringing visual effects experience to the venture, Glasgow-based Once Were Farmers has produced the short family-friendly film Bounce (11 minutes), and a number of short films for BBC’s digital education app Own It, as well as provided animation and graphic services for commercials and ads.TORONTO, ON–(Marketwired – May 11, 2017) – Continental Gold Inc. Most recently he’s been working as a consultant with both Red Kite and Once Were Farmers, acting as Once Were Farmers head of operations in its Stirling, Scotland studio.Įdinburgh-based Red Kite has built up a catalogue of kids and family content with the six to 11-skewing series Dennis the Menace and Gnasher (52 x 11 minutes), the 3D- and CGI-animated Wendy (26 x 24 minutes) and the family-friendly 2D/3D-animated feature film Princess Emmy, which it co-produced with Studio 100. Henry has previously worked as the CEO of prodco The Flying Circus ( Silly Seasons, Not Quite Norman) and was a partner at Perplexia Pictures, which creates live-action, family-friendly films. ![]() Once Were Farmers’ founders Will Adams and Rory Lowe will both be creative directors for the new studio.Īnimation production consultant Ron Henry is joining the venture as director of operations. Red Kite’s managing director and producer Sueann Rochester (pictured, right) will be the managing director of the new studio, while Red Kite’s founder and creative director Ken Anderson (pictured, left) will take on the director of exploration and discovery role. The joint venture is based in Scotland, and will focus on providing content and animation services for both the UK domestic and international markets. Scottish animation studios Red Kite Animation and Once Were Farmers are teaming up to launch the new shingle, Wild Child Animation, with the goal of accelerating both companies growth. ![]()
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