Barrick Announces Monetization of Investment in Royal Road Minerals Limited
September 10 2019 - 9:15AM
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced today that
it sold 22,576,161 ordinary shares (“Ordinary Shares”) of Royal
Road Minerals Limited (“Royal Road”) in a pre-arranged trade
executed through the facilities of the TSX Venture Exchange at a
price of $0.19 per Ordinary Share (the “Disposition”) for gross
proceeds of approximately $4,289,471. Barrick completed the
Disposition in order to monetize its investment in Royal Road.
Immediately prior to the Disposition, Barrick
had beneficial ownership of, or control or direction over,
22,576,161 Ordinary Shares, representing approximately 10.7% of the
issued and outstanding Ordinary Shares on a non-diluted
basis. As a result of the Disposition, Barrick does not have
beneficial ownership of, or control or direction over, any Ordinary
Shares.
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,
whose contact details are included below.Barrick is a senior gold
mining company organized under the laws of the Province of British
Columbia. Barrick’s corporate office is located at Brookfield
Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box
212, Toronto, Ontario M5J 2S1. Royal Road’s head office
is located at Ground Floor, 4 Wharf Street, St. Helier,
Jersey JE2 3NR.
ENQUIRIES:
Investor and media relationsKathy du Plessis+44 20 7557 7738Email:
barrick@dpapr.com |
|
|
|
|
|
WEBSITE: www.barrick.com
Barrick Gold (TSX:ABX)
Historical Stock Chart
From Apr 2024 to May 2024
Barrick Gold (TSX:ABX)
Historical Stock Chart
From May 2023 to May 2024