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Newmont Goldcorp Director Acquires Ownership Stake in Winston Gold
Wednesday 15 May 2019

15 May 2019 - Colorado, US-based mining company Newmont Goldcorp's director/strategic advisor Joseph A. Carrabba has acquired a 16.8% ownership interest in issued and outstanding shares of Canada-based mining company Winston Gold Corp. (CSE: WGC) (OTCQB: WGMCF), the company said.
Terms of the transaction were not disclosed.
Carrabba has over 42 years of management and operational experience in the resource industry.
He currently sits on several company boards including Newmont Goldcorp Corp., where he acts as the chair of their Safety and Sustainability Committee. He was formerly the chairman, president, and CEO of Cliffs Natural Resources Inc; and has also served as president and CEO of Diavik Diamond Mines.
Winston Gold is a junior mining company focussed on advancing high-grade, low cost mining opportunities into production.
The Corp. has acquired the Winston Gold project, an underexplored and under-exploited gold/silver mining opportunity near Helena, Montana.
Date Published: 15/05/2019
Target: Winston Gold Corp
Country: Canada
Sector: Metals/Mining
Type: Corporate acquisition
Status: Closed
Buyer: Joseph A. Carrabba
Terms of the deal were not disclosed