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It's also part of a broader chess game in numerous US courtrooms between America's largest company and its government as each tries set a precedent on whether private companies can sell "warrant-proof" technologies, such as newer iPhones.
Newmont also said it intends to sell warrants to buy 1.8 million common shares.
The Treasury will sell warrants that the government received as part of the taxpayer-financed rescue via auctions next month.
Despite repaying its $25 billion taxpayer investment in June, JPMorgan is still waiting for the government to sell warrants it was given last year.
"There is no constitutional right to sell warrant-proof encryption.
A bill introduced by Rep. Mary Jo Kilroy (D-Ohio) would require the Treasury to sell warrants in a public auction and do so in a transparent way.
The same applies to selling warrants.
Kohlberg, Kravis, Roberts & Co., New York, said it had sold warrants to buy eight million shares of DPL Inc., owner of Ohio's Dayton Power & Light Co., to Lehman Brothers Holdings Inc., New York, for $32 million, DPL said in a filing.
A unit of Britain's Lloyds Banking Group and French bank Societe Generale have been selling warrants to the hedge funds, according to court records.
The documents show that an investor can sell the warrant back to Bear Stearns before termination.
Then he would have either sold the warrant to someone, or exercised it and immediately sold the stock.
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