Barrick Announces Investment in Precipitate Gold Corp. [Canadian Business Journal (Canada)]
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Source: Canadian Business Journal
TORONTO, April 14, 2020 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLDABXOn April 13, 2020, Barrick, PGC and certain affiliates of Barrick and PGC entered into an earn-in agreement (the “Earn-In Agreement”) pursuant to which Barrick has been granted the exclusive right to acquire a 70% interest in PGC’s Pueblo Grande Project in the Dominican Republic on the terms and conditions set out in the Earn-In Agreement (the “Earn-In Transaction”). In connection with the Earn-In Transaction, Barrick and PGC entered into a subscription agreement (the “Subscription Agreement”) dated April 13, 2020 (the “Reportable Event”) pursuant to which Barrick agreed to acquire, and PGC has agreed to issue to Barrick, 12,713,636 Common Shares (the “Subscription Shares”) from treasury on the terms and conditions set out in the Subscription Agreement at a price of C$0.11 per Subscription Share for an aggregate subscription price of C$1,398,500 (the “Subscription”). Prior to the Reportable Event, Barrick
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