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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (5034)	7/1/2003 10:03:56 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 5423

> The following was announced by Barrick Gold early Friday > evening on a summer weekend. Obviously, this anti-gold > outfit released this statement at a time that would > attract the least amount of attention and investor > scrutiny. Therefore, I felt compelled to do the opposite > and get the news out there. > > Does Barrick have cash flow problems? Are we coming > closer to learning the real reason former CEO Randall > Oliphant was unceremoniously fired? > > Whatever the reason, this news should be not be taken > well by Wall Street. Pile this news on top of the > Blanchard and class action lawsuits against Barrick. As > the year goes on, the Barrick share price is going to > fall further and further behind the unhedged gold > companies. It's poetic justice for an arrogant company > that has done so much to hurt so many in the gold industry > all over the world. > > > Barrick Gold Files $1 Billion Debt Securities Shelf > Friday June 27, 6:52 pm ET > > WASHINGTON (Dow Jones)--Barrick Gold Corp. filed to sell > up to $1 billion of debt from time to time under a shelf registration > statement filed Friday with the Securities and Exchange Commission (News > - Websites). > > Details of the securities will be provided in a future prospectus. > > Barrick Gold said it intends to use the net proceeds to > repay debt, for equity investments in subsidiaries, to repurchase stock, > for capital expenditures and investment programs and for general > corporate purposes. > > No underwriters were listed in the filing. > > Barrick is a gold mining company. >