Barrick Completes Acquisition of Placer Dome
March 15 2006 - 3:25PM
Business Wire
Barrick Gold Corporation
(NYSE:ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX)(EURONEXT PARIS:ABX) - All
figures in US dollars Barrick Gold Corporation announces that it
has acquired all of the remaining common shares of Placer Dome Inc.
pursuant to its statutory right of compulsory acquisition.
Shareholders of Placer Dome who elected to receive the Cash
Alternative in connection with the compulsory acquisition will
receive 0.2505 of a Barrick common share and US$15.69 in cash per
share. Shareholders who elected or are deemed to have elected to
receive the Share Alternative in connection with the compulsory
acquisition will receive 0.8269 of a Barrick common share and
US$0.05 in cash per share. Cheques and share certificates will be
sent to all shareholders who have delivered the certificate(s)
representing the Placer Dome Shares formerly held by them to CIBC
Mellon Trust Company in Toronto, Ontario together with a letter of
transmittal. Any shareholder that has not delivered such share
certificate(s) and a letter of transmittal to CIBC Mellon Trust
Company in Toronto, Ontario must do so in order to receive the
consideration the shareholder is entitled to. Barrick's vision is
to be the world's best gold company by finding, developing and
producing quality reserves in a profitable and socially responsible
manner. Barrick Gold Corporation (PARIS:ABX) (NYSE:ABX) (TSX:ABX)
(Swiss:ABX) (LSE:BGD)
Barrick Gold (LSE:BGD)
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