17:59:03 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,751,981,799
Close 2019-06-11 C$ 18.01
Market Cap C$ 31,553,192,200
Recent Sedar Documents

Barrick to acquire 7.27 million Midas Gold shares

2019-06-11 10:01 ET - News Release

An anonymous director of Barrick Gold reports

BARRICK ANNOUNCES FURTHER INVESTMENT IN MIDAS GOLD

Barrick Gold Corp. will acquire 7,274,142 common shares of Midas Gold Corp. as part of the public offering of common shares announced yesterday by Midas Gold. Barrick currently owns 46,551,731 common shares of Midas Gold, representing approximately 19.6 per cent of the outstanding common shares of Midas Gold, on a non-diluted basis.

The offering is expected to close on or about June 19, 2019, following which Barrick will own approximately 19.9 per cent of the outstanding common shares of Midas Gold, on a non-diluted basis. Barrick will purchase the additional common shares of Midas Gold at the offering price of 60 cents per share, for aggregate consideration of approximately $4.4-million.

Barrick is acquiring the common shares for investment purposes. Depending on market conditions and other factors, including Midas Gold's business and financial condition, Barrick may, subject to the terms of the investor rights agreement previously entered into by Barrick and Midas Gold, acquire additional common shares or other securities of Midas Gold or dispose of some or all of the common shares or other securities of Midas Gold that it owns at such time.

An early warning report will be filed by Barrick in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact Kathy du Plessis at 44-20-7557-7738.

About Barrick Gold Corp.

Barrick is a senior gold mining company organized under the laws of British Columbia.

We seek Safe Harbor.

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