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Gold/Mining/Energy : Gold Price Monitor
GDXJ 117.61+3.0%Dec 19 4:00 PM EST

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To: Alex who wrote (56794)7/28/2000 10:25:55 PM
From: lorne  Read Replies (2) of 116815
 
Welcome home Alex :-)
Barrick's Offer for Pangea Successful
TORONTO, July 28 /CNW/ - 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.
%SEDAR: 00000923E
newswire.ca
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