Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
Barrick Gold Corporation and its wholly-owned subsidiary, Barrick North America Finance LLC, announced Wednesday the completion of the sale of $4.0 billion in debt securities comprised of: $700 million of 1.75% notes due 2014 and $1.1 billion of 2.90% notes due 2016 of Barrick as well as $1.35 billion of 4.40% notes due 2021 and $850 million of 5.70% notes due 2041 of BNAF. The 2021 Notes and the 2041 Notes of BNAF are guaranteed by Barrick.
The net proceeds from this offering will be advanced to wholly-owned subsidiaries in the Barrick group and will be used to finance a portion of the acquisition of Equinox Minerals Limited, including the payment of related fees and expenses. Alternatively, in the case of the 2014 Notes, all or a portion of the proceeds may be used for general corporate purposes.
The debt securities have not been registered under the Securities Act of 1933 (the “Securities Act”) or any state securities laws and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the debt securities, nor shall there be any sale of the debt securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Barrick’s vision is to be the world’s best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
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