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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (479)	2/2/1998 11:02:00 AM
From: Zardoz	Respond to of 3558

Globe says Bank of France doesn't plan to sell gold holdings Barrick Gold Corp ABX Shares issued 372817172 1998-01-30 close $28.35 Monday Feb 2 1998 The Globe and Mail reports in its Monday, February 2, edition that Barrick Gold chairman Peter Munk got part of what he wanted from his weekend appearance at the World Economic Forum when he drew a reassurance from the governor of the Bank of France that the world's third largest holder of gold doesn't plan to sell any of its holdings. The Globe's Alan Freeman writes that bank governor Jean-Claude Trichet said he has no intention of selling any gold. He also said he understands that Germany and Italy don't plan any gold sales either. Mr Munk, who has been campaigning for central bankers to reaffirm their faith in gold, argued that the main factor in the slide in the price of gold has been investors' concerns about whether central banks were about to dump part of their huge gold reserves on the market. Mr Munk said that by not speaking out in defence of gold, central bankers are allowing speculators to push down the price of gold even though there is no justification for a lower price, purely on the basis of supply and demand. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

To: IngotWeTrust who wrote (479)	2/2/1998 11:03:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 3558

Barrick Gold Corp - Instalment receipts to be listed on the TSE Barrick Gold Corp ABX Shares issued 372817172 1998-01-30 close $28.35 Monday Feb 2 1998 Further to exchange bulletins 98-104 dated January 26 1998 and 98-130 dated January 29 1998, instalment receipts representing 24,896,026 common shares (which are already listed) of Barrick Gold will be listed at the opening on Tuesday, February 3 1998. The common shares represented by these instalment receipts are being sold on a secondary basis pursuant to a prospectus dated January 28 1998 at $26.40 per common share payable in two instalments. The first instalment of $15.80 is payable on closing and the final instalment of $10.60 is payable on or before February 3 1999. Symbol: ABX.IR Cusip No: 067901 30 6 Other markets: The instalment receipts will also be listed on the Montreal Exchange. The listing of the instalment receipts will occur in anticipation of the closing of the public offering of such securities which is expected to be completed prior to the opening on February 3 1998. Upon the closing of the prospectus offering, there will be no further trading in the instalment receipts under the symbol ABX.IR.W and all trades in the instalment receipts are to be made under the symbol ABX.IR. In addition, upon closing of the prospectus offering, there will be no further trading in the fully paid common shares (as defined in exchange bulletin 98-130) under symbol ABX.W and all trades in the fully paid common shares are to be made under the symbol ABX. The following is a summary of some of the terms of the instalment receipts: Instalments: The first instalment of $15.80 per common share is payable on closing of the public offering. The final instalment of $10.60 per common share is payable on or before 5:00 pm (local time) on February 3 1999. As soon as practicable after payment of the final instalment, the registered holders of instalment receipts will receive certificates representing the underlying common shares of the company. If the final instalment is not paid by the final instalment date, the instalment receiptholders shall have no further right to pay the final instalment and Trizec Hahn Corp and 1094705 Ontario (the selling securityholders) may, upon compliance with applicable law, reacquire the common shares represented by such instalment receipts in full satisfaction of the registered holder's obligation to pay the final instalment payment. Alternatively, such common shares may be sold and the registered holder of the instalment receipts representing such common shares shall remain liable for any deficiency if the proceeds of such sales are insufficient to cover the amount of the final instalment payment and the cost of such sales (such costs not to exceed $1.00 per common share). General: Prior to receipt by the custodian of the final instalment, beneficial ownership of the common shares will be represented by instalment receipts and the common shares will be pledged by the underwriters to the selling securityholders pursuant to the terms of the instalment receipt and security agreement. Upon payment of the final instalment, registered holders of instalment receipts will become registered holders of common shares. The instalment receipt and security agreement further requires that the custodian mail to the holders of instalment receipts as determined on a date being no more than 14 days before the date of the mailing, a notice of the final instalment date, together with the amount of the final instalment not more than 60 days and no less than 30 days prior to the final instalment date. Payment of the final instalment is required when due whether or not a holder of instalment receipts receives a notice of the final instalment date from the custodian. Rights and Privileges: Holders of instalment receipts will have the same rights and privileges, and will be subject to the same limitations, as holders of common shares except as limited under the instalment receipt and security agreement in order to protect the value of collateral secured by the pledge to the selling securityholders over the common shares. Holders of instalment receipts will be entitled to participate in all distributions in respect of the common shares represented by such instalment receipts, to exercise the votes attached to the common shares represented by such instalment receipts, and to receive periodic reports and other materials as if it were the holder of the common shares. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com