{"id":19101,"date":"2020-07-27T15:00:41","date_gmt":"2020-07-27T19:00:41","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/cppib-shedding-shares-of-canadian-gold-mine-developer-148320"},"modified":"2020-07-27T15:00:41","modified_gmt":"2020-07-27T19:00:41","slug":"cppib-shedding-shares-of-canadian-gold-mine-developer","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/07\/27\/cppib-shedding-shares-of-canadian-gold-mine-developer\/","title":{"rendered":"CPPIB shedding shares of Canadian gold mine developer"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2018\/05\/33098248_Gold_123RF.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"CPPIB shedding shares of Canadian gold mine developer\"> <\/p>\n<p class=\"wp-caption-text\">Gold Bars 1000 grams. Concept of wealth and reserve.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;July 27, 2020 <\/p>\n<p>CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in&nbsp;Battle North Gold Corp.<\/p>\n<p>The shares of the&nbsp;Canadian gold mine developer, formerly known as Rubicon Minerals Corp., sold for $1.85 per share for a total aggregate sale price of $18.5 million.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/caisse-buying-return-royalty-on-gold-at-quebec-based-mine-145859\">Caisse buying return royalty on gold at Quebec-based mine<\/a><\/strong><\/p>\n<p>While the&nbsp;sale brings CPPIB Credit\u2019s shares in Battle North to zero, the CPPIB continues to own 9,347 shares. In total, the CPPIB\u2019s security holding percentage in the company is down from 10.45 per cent to less than 0.01 per cent.<\/p>\n<p>CPPIB Credit sold the shares for \u201cinvestment reasons,\u201d according to a press release.<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/cppib-shedding-shares-of-canadian-gold-mine-developer-148320\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Bars 1000 grams. Concept of wealth and reserve. Staff&nbsp;|&nbsp;July 27, 2020 CPPIB Credit Investments Inc., a wholly owned subsidiary of the Canada Pension Plan Investment Board, is selling 10 million shares in&nbsp;Battle North&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19101"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=19101"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/19101\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=19101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=19101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=19101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}