EXPLORATION & DEVELOPMENT

Gryphon attracts major interest

NEWMONT Mining has thrown its weight behind Africa-focused gold explorer Gryphon Minerals by subscribing for $2.24 million worth of shares to become the junior’s largest shareholder with more than 12% of the shares on issue.

Chris Cann

Gryphon attracts major interest

Newmont picked up 7 million ordinary shares at 32c, a premium to the trading price at the time, and will also be granted 7 million free attaching unlisted options exercisable at 40c by the end of 2008....

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