TORONTO, ONTARIO--(Marketwired - Dec. 1, 2017) - All amounts expressed in Canadian dollars unless otherwise indicated - Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) ("Barrick") announced today that it has acquired 48,000,000 common shares of Reunion Gold Corporation (TSX VENTURE:RGD) ("Reunion") in a non-brokered private placement at a price of $0.19 per share for total consideration of $9,120,000.
As a result of the transaction, Barrick owns 48,000,000 common shares, representing approximately 15% of Reunion's issued and outstanding common shares, on a non-diluted basis (after giving effect to the transaction).
Barrick acquired the common shares for investment purposes. Depending on market conditions and other factors, including Reunion's business and financial condition, Barrick may, subject to the investor rights agreement entered into in connection with the transaction, acquire additional common shares or other securities of Reunion or dispose of some or all of the common shares or other securities of Reunion that it owns at such time.
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 Andy Lloyd, whose contact details are included below.
Barrick is a senior gold mining company organized under the laws of the Province of Ontario. Barrick's head office is located at Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street, P.O. Box 212, Toronto, Ontario M5J 2S1. Reunion's head office is located at Brookfield Place, Suite 440, 181 Bay Street, Toronto, Ontario M5J 2T3.
