NEWS RELEASE FROM EQUINOX MINERALS
Acknowledges Barrick review of Zambian clearance for proposed acquisition
TORONTO, ON, May 28, 2011: Equinox Minerals Limited (TSX and ASX symbol: “EQN”) ("Equinox" or the “Company”) announced today that it acknowledges the review by Barrick Gold Corporation (“Barrick”) of the conditional authorization issued by the Zambian Competition and Consumer Protection Commission (the “CCPC”) of the proposed acquisition by Barrick of the outstanding common shares of Equinox by way of takeover bid (the “Offer”). Equinox appreciates the timeliness of the CCPC approval process to date and notes Barrick’s statement that discussions with the CCPC relating to modifying the terms of its conditional authorization are ongoing.
The Offer is open for acceptance until 5:00 p.m. (Toronto time) on June 1, 2011 (the “Expiry Time”), unless the Offer is extended or withdrawn.
On April 25, 2011, Equinox announced an agreement with Barrick Gold Corporation pursuant to which Barrick has agreed, subject to the terms of a support agreement, to make the Offer to purchase all outstanding common shares of Equinox by way of negotiated take-over bid at a price of C$8.15 per share in cash. Barrick subsequently commenced the Offer on April 26, 2011. The Equinox board of directors has unanimously recommended that Equinox shareholders ACCEPT the Offer, and DEPOSIT their shares under the Offer.
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU