Barrick Gold Buys Additional 24.5 Mln. Equinox Shares
6/7/2011 12:37 PM ET
(RTTNews) - Barrick Gold Corp. (ABX.TO: News ,ABX: News ), said Tuesday that a further 24.5 million shares of Equinox Minerals Ltd (EQNMF.PK,EQN.TO: News , EQN.AX) have been taken up by its wholly-owned subsidiary Barrick Canada Inc. for C$8.15 per share. The shares represent 3 percent of the outstanding Equinox shares on a fully diluted basis.
The additional share purchase is part of an agreement in April this year, when Barrick Gold acquiesced to acquire Equinox for C$8.15 per share or about C$7.3 billion. The transaction is expected to be immediately accretive to earnings on a per share basis.
Barrick Canada Inc., until now has acquired 753.2 million Equinox Shares pursuant to the Offer. Barrick Gold, along with its affiliates, now owns 771.4 million Equinox Shares, or about 88 percent of the outstanding Equinox shares.
Barrick Gold said the Offer would remain open for acceptance until June 14, 2011.
On April 25, Barrick Gold agreed to acquire Equinox for about C$7.3 billion (approximately $7.68 billion), in a deal that offered a 30 percent premium to Equinox's closing share price on the Toronto Stock Exchange on February 25.
Equinox's main assets are the Lumwana mine in Zambia and the Jabal Sayid development project in Saudi Arabia.
Combined with its Zaldivar mine and Cerro Casale project in Chile, Barrick Gold believes the Equinox acquisition offers solid production potential in two of the most prolific copper-producing regions in the world.
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Les 90% de parts sont en vue. Obtenir ces 90% leur permettrait de passer à la phase OPR
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU