Barrick Gold acquires shares from Reunion Gold

Barrick Gold has acquired 48 000 000 common shares of Reunion Gold in a non-brokered private placement at a price of USD0.19 per share for total consideration of USD9 120 000.

Reunion

Because of the transaction, Barrick owns 48 000 000 common shares, representing about 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 regarding the transaction, acquire additional common shares or other securities of Reunion or dispose of some or all the common shares or other securities of Reunion that it owns at such time.

*Image credit: Reunion Gold


 

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