Yamana Resources INC. T- YRI Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Yamana Resources INC. T- YRI

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elizabeth Andrews who wrote (2024)	2/22/1999 7:31:00 AM
From: kfdkfd	Read Replies (1) of 2346

NEWS Yamana Acquires Barrick Gold's Back-In Rights on Kalimantan, Indonesia SPOKANE, WASHINGTON--Yamana Resources Inc. announces that it has reached an agreement with Barrick Gold Corporation to acquire all of Barrick's back-in rights on Yamana's properties on Kalimantan, Indonesia. The consideration payable by Yamana for this acquisition is 750,000 Yamana common shares. The transaction is subject to receipt of all required regulatory approval. Noted Victor Bradley, Yamana CEO, "This acquisition frees us to negotiate with potential partners who have an appetite to initiate drilling and to develop what we feel are promising precious metals drill targets on our signed Contract of Work in Indonesia." (See Yamana release Feb. 24, 1998.) Geologic, geophysical, and geochemical surveys underline the high prospectivity of the properties. Barrick remains Yamana's largest single shareholder (11.43 percent of outstanding shares) and continues to be represented on Yamana's Board of Directors.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next