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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (30836)	3/29/1999 3:35:00 PM
From: Enigma	Read Replies (2) \| Respond to of 116791

SS - ABX has just made a major acquisition in acquiring Sutton Resources - whose property is in Tanzania - hence my aids related question. In fact the takeover was completed today as per the following NR: (COMTEX) B: BARRICK GOLD CORP - Barrick Acquires 91% of Sutton B: BARRICK GOLD CORP - Barrick Acquires 91% of Sutton Toronto, Ontario, Mar. 29, 1999 (Market News Publishing via COMTEX) -- Barrick Gold Corporation announces that its offer for Sutton Resources Ltd. was successful and 91% of the common shares of Sutton 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 Sutton. Under the offer, each Sutton common shareholder is entitled to receive 0.463 common shares of Barrick for each common share of Sutton. Share certificates representing the approximately 15.5 million Barrick common shares issuable to tendering shareholders will be mailed shortly. "We are pleased that Sutton shareholders have chosen so overwhelmingly to accept this offer. We now have the opportunity to realize the potential of the Bulyanhulu Project," said Randall Oliphant, President & 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, Montreal, New York, London and Swiss Stock Exchanges and the Paris Bourse. -0- TEL: (416) 307-7442 Investor Contacts TEL: (416) 307-7442 Investor Contact FAX: (416) 861-0727 Belle Mulligan, Senior VP of Investor Relations TEL: (416) 307-7431 Richard Young, Director of Investor Relations FAX: (416) 861-0727 TEL: (416) 307-7477 Media Contact FAX: (416) 861-1509 Vincent Borg, VP of Corporate Communications NET: www.barrick.com ______________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. * end of story *