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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Enigma who wrote (1175)	7/28/2000 8:59:22 AM
From: kidl	of 1178

I guess it's officially time to say goodbye :-( Barrick’s offer for Pangea successful Pangea Goldfields Inc PGD Shares issued 24,700,000 Jul 27 close $6.90 Fri 28 Jul 2000 News Release See Barrick Gold Corp (ABX) News Release Ms. Belle Mulligan reports Barrick Gold’s offer for Pangea Goldfields has been successful and over 90 per cent 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 $7 (Canadian) 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 under way in Tanzania,” said Randall Oliphant, president and chief executive officer. © Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

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