Barrick shareholders overwhelmingly approve Randgold merger
Barrick Gold Corporation’s shareholders have voted to approve the issuance of Barrick common shares in connection with the Merger of Barrick and Randgold Resources Limited (Randgold), and the continuance of Barrick to the Province of British Columbia under the Business Corporations Act (British Columbia).
The issuance of Barrick common shares in connection with the Merger, and the continuance, were each approved by more than 99 per cent of the votes cast at a special meeting of shareholders.
“Today marks an important step in our journey of taking Barrick ‘back to the future’,” says Barrick Executive Chairman John L Thornton. “The combination of Barrick and Randgold will create the compelling gold investment.”
The Merger is expected to be completed on 1 January, 2019, subject to approval by Randgold shareholders, approval by the Royal Court of Jersey, and other customary closing conditions. Barrick intends to effect the continuance in advance of the closing of the Merger, subject to receipt of all necessary consents and authorisations.