Barrick Offer for Equinox-Additional Shares Acquired
June 10 2011 - 8:34AM
Marketwired
All amounts expressed in US$ unless otherwise indicated
Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) ("Barrick" or
"the Company") and its wholly-owned subsidiary, Barrick Canada Inc.
(the "Offeror"), announced today that an additional 36,221,770
common shares (the "Equinox Shares") of Equinox Minerals Limited
(TSX: EQN)(ASX: EQN) ("Equinox") representing approximately 4% of
the outstanding Equinox Shares on a fully diluted basis have now
been taken up under the offer (the "Offer") by the Offeror to
acquire all of the Equinox Shares at a price of C$8.15 per Equinox
Share. The Offeror has now acquired 789,432,464 Equinox Shares
pursuant to the Offer, which represents approximately 91.7% of the
outstanding Equinox Shares excluding those owned by Barrick and its
affiliates at the date of the Offer. Barrick and its affiliates now
collectively own 807,631,217 Equinox Shares, representing
approximately 91.8% of the outstanding Equinox Shares on a fully
diluted basis.
The Offer remains open for acceptance until 5:00 p.m. (Toronto
time) on June 14, 2011, unless further extended. Barrick will take
up and pay for any Equinox Shares validly tendered pursuant to the
Offer within three business days of such tender. The Offeror
intends to acquire all Equinox Shares not tendered to the Offer
following its expiry pursuant to a compulsory acquisition.
This press release does not constitute an offer to buy or an
invitation to sell, or the solicitation of an offer to buy or an
invitation to sell, any of the securities of Equinox. Such an offer
is only made pursuant to the Offer and take-over bid circular, the
letter of transmittal, the notice of guaranteed delivery and other
related offer materials which the Offeror has filed with the
Canadian securities regulatory authorities and mailed to holders of
Equinox Shares. The Offer is not being made to, nor will deposits
be accepted from or on behalf of, Equinox Shareholders in any
jurisdiction in which the making or acceptance of the Offer would
not be in compliance with the laws of such jurisdiction.
Furthermore, the information contained in this press release does
not constitute financial product advice. It has been prepared
without reference to the investment objectives, financial
situation, taxation situation and particular needs of any
individual Equinox Shareholder. Equinox Shareholders should
consider consulting with their investment, financial, taxation or
other professional advisor before taking any action in relation to
their investment in Equinox.
The Offeror is a wholly-owned subsidiary of Barrick. Its
registered office is Brookfield Place, TD Canada Trust Tower, 161
Bay Street, Suite 3700, P.O. Box 212, Toronto, Ontario, M5J 2S1. To
obtain a copy of the report filed with the Canadian securities
regulatory authorities relating to the acquisition by the Offeror
of Equinox Shares pursuant to the Offer, contact the individuals
listed below.
Notice to Shareholders in the United States
The Offer is made in the United States with respect to
securities of a Canadian foreign private issuer in accordance with
Canadian tender offer rules. Shareholders resident in the United
States should be aware that such requirements might be different
from those of the United States applicable to tender offers under
the United States Securities Exchange Act of 1934, as amended, and
the rules and regulations promulgated thereunder.
Notice to Shareholders in Australia and CDI Holders
The Offer is not regulated by Chapter 6 of the Corporations Act
2001 (Commonwealth of Australia), but rather pursuant to the
applicable requirements of Canadian securities laws. Australian
Shareholders and holders of Equinox Shares represented by CHESS
Depositary Interests should be aware that these requirements may be
different to those which apply to a takeover offer regulated by
Australian law.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including
any information as to our strategy, projects, plans or future
financial or operating performance and other statements that
express management's expectations or estimates of future
performance, constitute "forward-looking statements". All
statements, other than statements of historical fact, are
forward-looking statements. The words "believe", "expect", "will",
"anticipate", "contemplate", "target", "plan", "continue",
"budget", "may", "intend", "estimate" and similar expressions
identify forward-looking statements. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management, are inherently subject
to significant business, economic and competitive uncertainties and
contingencies. The Company cautions the reader that such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual financial
results, performance or achievements of Barrick to be materially
different from the Company's estimated future results, performance
or achievements expressed or implied by those forward-looking
statements and the forward-looking statements are not guarantees of
future performance. These risks, uncertainties and other factors
include, but are not limited to: changes in the worldwide price of
gold, copper or certain other commodities (such as fuel and
electricity); inaccuracies or material omissions in Equinox's
publicly available information or the failure by Equinox to
disclose events or facts which may have occurred or which may
affect the significance or accuracy of any such information; the
ability of the Company to complete or successfully integrate an
announced acquisition proposal; legislative, political or economic
developments in the United States, Canada, Zambia, Saudi Arabia or
elsewhere; operating or technical difficulties in connection with
mining or development activities; availability and costs associated
with mining inputs and labor; the risks involved in the
exploration, development and mining business. Certain of these
factors are discussed in greater detail in the Company's most
recent Form 40-F/Annual Information Form on file with the U.S.
Securities and Exchange Commission and Canadian provincial
securities regulatory authorities.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, further events or otherwise, except as required by
applicable law.
Contacts: BARRICK INVESTOR CONTACT: Deni Nicoski Vice President,
Investor Relations (416) 307-7410 dnicoski@barrick.com BARRICK
MEDIA CONTACT: Andy Lloyd Senior Manager, Communications (416)
307-7414 alloyd@barrick.com
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