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    gold investing

    Barrick Announces Investment in Royal Road Minerals

    Melissa Shaw
    Jan. 24, 2018 08:55AM PST
    Precious Metals

    Barrick Gold (NYSE:ABX)(TSX:ABX) (“Barrick”) announced today that it has entered into a subscription agreement to acquire 9,875,876 ordinary shares of Royal Road Minerals Limited (TSX-V:RYR) (“Royal Road”) in a non-brokered private placement at a price of $0.16 per share for total consideration of $1,580,140. The transaction is expected to close on or about February 9, …

    Barrick Gold (NYSE:ABX)(TSX:ABX) (“Barrick”) announced today that it has entered into a subscription agreement to acquire 9,875,876 ordinary shares of Royal Road Minerals Limited (TSX-V:RYR) (“Royal Road”) in a non-brokered private placement at a price of $0.16 per share for total consideration of $1,580,140.

    The transaction is expected to close on or about February 9, 2018. As a result of the transaction, Barrick will own 20,980,276 ordinary shares, representing approximately 12.5% of Royal Road’s issued and outstanding ordinary shares, on a non-diluted basis (after giving effect to the subscription by Barrick and a concurrent offering to other investors expected to be completed by Royal Road).
    Barrick has acquired the ordinary shares for investment purposes.

    Click here to read the full text release.

    private placementtsx:abxnyse:abxgold investing
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