11:34:27 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,167,593,272
Close 2018-12-17 C$ 18.30
Market Cap C$ 21,366,956,878
Recent Sedar Documents

Barrick receives court OK for Randgold merger

2018-12-17 16:54 ET - News Release

Mr. Deni Nicoski reports

BARRICK ANNOUNCES JERSEY COURT APPROVAL OF MERGER WITH RANDGOLD AND UPCOMING TICKER SYMBOL CHANGE

The Royal Court of Jersey has sanctioned the scheme of arrangement by which the recommended share-for-share merger of Barrick Gold Corp. and Randgold is being implemented.

All conditions of the scheme have now been satisfied or waived and the merger is expected to close on Jan. 1, 2019, following the delivery of a copy of the court order to the Jersey registrar.

Mark Bristow, incoming president and chief executive officer of Barrick, said the court's approval was the last major landmark on the journey toward the creation of a new breed of gold company.

"Barrick will be the world's biggest gold miner, but our focus will be on making it the industry's most valued company. By finding, developing and operating the best assets, with the best people, we'll deliver sustainable returns to our owners and partners," said Mr. Bristow. Barrick intends to change its ticker symbol on the New York Stock Exchange from ABX to GOLD, beginning on the merged company's first day of trading on Jan. 2, 2019. GOLD is currently the ticker symbol for Randgold American depositary shares traded on the Nasdaq exchange. Barrick will continue to trade on the Toronto Stock Exchange under the ticker symbol ABX following the completion of the merger.

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