May 11 (Reuters) - Continental Gold Inc CNL.TO
* Announce that Newmont Mining Corp (NYSE:NEM) has agreed to purchase 37.38 million common shares of company at a price of c$4.00 per share
* Deal for a total investment of US$109 million in a non-brokered private placement
* RK Mine finance master fund I limited also agreed to purchase 8.59 million common shares of co at c$4.00/share
* After private equity placements, Newmont & Red Kite will own about 19.9 pct and 4.6 pct, respectively of Co
* Private placements will not close before May 18, 2017 Source text for Eikon: ID:nMKW5qvsha Further company coverage: CNL.TO