Toronto, March 11, 2022 (GLOBE NEWSWIRE) — Barrick Gold Corporation (“Barrick”) (NYSE: GOLD) (TSX: ABX) today completes a private placement after the acquisition by Reunion Gold Corporation (“Reunion”). Announced. In the common stock offering (“private placement”) on February 24, 2022, Barrick’s stake in Reunion decreased from less than 10% of Reunion’s issued and issued common stock to approximately 9.9875%. Barrick did not participate in the private placement and continues to own 81,150,000 shares of Reunion’s common stock (“Reunion Shares”).
Under the terms of the Investor Rights Agreement signed between Barrick and Reunion in connection with Barrick’s first investment in Reunion on December 1, 2017, Barrick is Barrick’s issued common stock of Reunion. Barrick’s interest in reunion fell below 10%, resulting in the termination of such rights. Barrick is based on the Investor Rights Agreement with respect to certain mineral projects subject to the strategic alliance agreement signed between Barrick and Reunion on February 3, 2019, as well as Reunion’s Dorin, Automana and Boulanger projects. Will continue to have the first refusal right. ..
The Early Warning Report is submitted by Barrick in accordance with applicable securities law (“Early Warning Report”).To get a copy of the Early Warning Report, please contact Kathy du Presis, Its contact details are included below. The Early Warning Report amends the information disclosed in the previous report submitted by Barrick on February 5, 2019. At the time of the submission of the previous report, Barrick had a favorable ownership of the reunion shares, representing a profitable ownership of approximately 19.9% of the unpaid reunions issued at the time. Common stock (determined on an undiluted basis). Immediately after the private placement, Barrick continued to own Reunion shares in his favor, not any other common stock of Reunion. This represents a substantial owner of approximately 9.9875% (determined on an undiluted basis) of Reunion’s outstanding common stock.
Barrick holds reunion shares for investment purposes. At any time, Barrick may acquire additional common stock or other securities of Reunion or dispose of some or all of Reunion’s common stock or other securities held at that time. Subject to rights under Investor Rights Agreements and Strategic Alliance Agreements, Barrick is currently associated with or resulting from the actions listed in paragraphs (a) through (k) of Early Item 5. I have no plans or intentions. Although it is a warning report, Barrick will do so in the future, depending on market conditions, general economic and industry conditions, Reunion securities transaction prices, Reunion’s business and financial conditions, outlook, and / or other relevant factors. May develop a plan or intent.
Barrick is a senior gold mining company that continues under British Columbia law. Barrick’s headquarters are located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, PO Box 212, Toronto, Ontario, M5J2S1. Reunion is headquartered in Brookfield Place, Suite 4400, 181 Bay Street, Toronto, Ontario, M5J2T3.
Kathy du Presis
+44 20 7557 7738
Precautions regarding future prospects
The specific information contained in this press release, including information related to Barrick’s reunion investment, constitutes a “forward-looking statement.” All statements except historical facts are forward-looking statements. Expressions such as “continuation,” “potential,” “plan,” “intention,” and “will” indicate forward-looking statements. In particular, this press release includes the possibility that Barrick will acquire additional common stock or securities for reunion, or dispose of some or all of Barrick’s common stock or other securities. Contains forward-looking statements that are not limited to these. And Barrick’s first veto under an investor rights agreement with Reunion. Forward-looking statements make many assumptions, including important assumptions that Barrick considered reasonable on the date of this press release, in light of management’s experience and perceptions of the current situation and expected developments. It is inevitably based and is an inherently important business subject. Economic and competitive uncertainties and contingencies.
Many of these uncertainties and contingencies may affect our actual results, and the actual results are expressed or expressed in statements regarding future prospects made by or on our behalf. It can be very different from what is implied. Readers are careful not to overly rely on forward-looking statements that do not guarantee future events and speak only as of the date they were created. Several factors underlying the forward-looking statement, and the ability to meet the expectations set forth in the forward-looking statement contained in this press release by Barrick. All forward-looking statements made in this press release are qualified by these notes. Barrick disclaims any intention or obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by applicable law.
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Barrick’s interest in Reunion Gold Corporation reduced to less than 10%, Canadian Business Journal
Source link Barrick’s interest in Reunion Gold Corporation reduced to less than 10%, Canadian Business Journal