Barrick and Randgold Receive Merger Clearance from South African Competition Tribunal

Published: November 9, 2018 |

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Barrick Gold Corporation and Randgold Resources Limited have received unconditional clearance from the South African Competition Tribunal for their proposed share-for-share merger.

The merger remains subject to the satisfaction or waiver of the outstanding conditions set out in Part A of Part 3 of the scheme document dated October 4, 2018, relating to the merger.

The key remaining conditions to completing the merger on the expected effective date of January 1, 2019, are, obtaining approval of the shareholders of both companies, and the sanction of the scheme by the Royal Court of Jersey which is being sought at a hearing scheduled for December 17, 2018.

Recommendation of the Board of Directors

Barrick’s board of directors unanimously reaffirms its view that the merger, and the continuance of Barrick to British Columbia, are in the best interests of Barrick, and recommends that Barrick shareholders vote for the share issuance and continuance resolutions described in the circular. A special meeting of shareholders to approve the resolutions will be held on November 5, 2018.

About Barrick Gold
Barrick has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia. More than 75 percent of our gold production comes from the Americas region. The company was founded in 1983 by Canadian entrepreneur and philanthropist Peter Munk, and is headquartered in Toronto, Canada.

To stop by Barrick’s website, CLICK HERE

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