news-details

Barrick's Offer for Pangea Successful

July 28, 2000

For Immediate Release

Barrick’s Offer for Pangea Successful

Toronto, July 28, 2000 … Barrick Gold Corporation announced today that its offer for Pangea Goldfields Inc. was successful and over 90% of the common shares of Pangea have been taken up under the offer. Barrick's offer has expired and it will now exercise its right to acquire all the remaining shares of Pangea. Under the offer, each Pangea common shareholder receives C$7 for each Pangea share held.

"We are pleased that Pangea shareholders have chosen so overwhelmingly to accept our offer. The strategic acquisition of Pangea fits into our District Development Program that is well underway in Tanzania, " said Randall Oliphant, President and Chief Executive Officer.

Barrick Gold Corporation is a leading international gold producer with unrivaled financial strength, extensive mine development experience and operational expertise.

Barrick's shares are traded under the ticker symbol ABX on the Toronto, New York, London and Swiss Stock Exchanges and the Paris Bourse.

Inve s tor Con t act :
Belle Mu ll i ga n
Sen i or Vi ce Pre s i den t ,
Inve s tor Rel a ti on s
Tel (416) 307-7442
Fax (416) 861-0727

Ri ch a rd Yo u n g
Di rector,
Inve s tor Rel a ti on s
Tel (416) 307-7431
Fax (416) 861-0727

Media Co n t a ct :
Vi n cent Bor g
Vi ce Pre s i den t ,
Corpora te Com mu n i c a ti on s
Tel (416) 307-7477
Fax (416) 861-1509

In tern et :
h t tp : / / w w w. ba rri ck . co m

Ba rri ck Gold Corpora ti on
Royal Bank Plaza
So uth Tower, Su i te 2700
Toron to, Ca n ad a
M5J 2J3

 

Stay Connected







Email Alerts

Email Address *
Mailing Lists *


 
Enter the code shown above.

By providing your e-mail address, you are consenting to receive press releases, quarterly and annual reports, presentations and other information concerning Barrick Gold Corporation and its affiliates and partners. You may withdraw your consent at any time using the unsubscribe link below.

Unsubscribe

Email Address:  *
Gold  $ 1,288.89 +6.97 +0.54% Volume: October 19, 2017
ABX NYSE  $ 16.13 -0.04 -0.25% Volume: 5,674,327 October 19, 2017
ABX TSX  $ 20.12 -0.04 -0.2% Volume: 875,509 October 19, 2017
Gold  $ 1,288.89 +6.97 +0.54% Volume: October 19, 2017

Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.

World Gold Council MemberMember of ICMM

En Español