The Prospector News

Barrick Announces Monetization of Investment in Royal Road Minerals Limited

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Barrick Announces Monetization of Investment in Royal Road Minerals Limited

 

 

 

 

 

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) announced today that it sold 22,576,161 ordinary shares of Royal Road Minerals Limited in a pre-arranged trade executed through the facilities of the TSX Venture Exchange at a price of $0.19 per Ordinary Share 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.

 

Posted September 10, 2019

Share this news article

MORE or "UNCATEGORIZED"


Hudbay Completes Upsized Bought Deal Equity Offering

Hudbay Minerals Inc. (TSX:HBM) (NYSE: HBM) is pleased to announc... READ MORE

May 24, 2024

PANTHER MINERALS CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Panther Minerals Inc. (CSE: PURR), is pleased to announce that t... READ MORE

May 24, 2024

SILVERCORP REPORTS ADJUSTED NET INCOME OF $39.3 MILLION, $0.22 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $91.6 MILLION FOR FISCAL 2024SILVERCORP REPORTS ADJUSTED NET INCOME OF $39.3 MILLION, $0.22 PER SHARE, AND CASH FLOW FROM OPERATIONS OF $91.6 MILLION FOR FISCAL 2024

Silvercorp Metals Inc.  (TSX: SVM) (NYSE American: SVM) reported... READ MORE

May 24, 2024

Guanajuato Silver Reports Q1 2024 Financial and Operating Results

Guanajuato Silver Company Ltd. (TSX-V:GSVR) (OTCQX:GSVRF) has r... READ MORE

May 24, 2024

ARIS MINING TO INCREASE OWNERSHIP IN SOTO NORTE PROJECT TO 51% AND COMMENCES STUDY TO ASSESS NEW DEVELOPMENT PLAN

Aris Mining Corporation (TSX: ARIS) (NYSE-A: ARMN) announces that... READ MORE

May 24, 2024

Copyright 2024 The Prospector News