Brief: Reunion Gold Announces Strategic Alliance With Barrick Gold Corporation In Guiana Shield

Reunion Gold

04/02/2019 13:37

Feb 4 (Reuters) - Barrick Gold Corp  ABX.TO :
    * REUNION GOLD ANNOUNCES A STRATEGIC ALLIANCE WITH BARRICK
GOLD
CORPORATION TO EXPLORE, DEVELOP AND MINE MINERAL PROPERTIES IN
GUIANA SHIELD
    * REUNION GOLD CORP - BARRICK AGREES TO INCREASE ITS
INTEREST IN
REUNION TO 19.9%
    * REUNION GOLD CORP - BARRICK'S INTEREST IN DESIGNATED
PROJECT
WILL INCREASE TO 70% AND REUNION WILL RETAIN A 30% INTEREST
    * REUNION GOLD CORP - BARRICK WILL PURCHASE 35.7 MILLION
SHARES
FOR TOTAL VALUE OF $5.4 MILLION
    * REUNION GOLD - IF BARRICK DOES NOT DELIVER A FEASIBILITY
STUDY
ON DESIGNATED PROJECT, PROJECT RETURNS TO ALLIANCE AS AN
INCLUDED PROJECT
    * REUNION GOLD CORP - BARRICK WILL INITIALLY FUND $4.2
MILLION ON
INITIAL INCLUDED PROJECTS
    * REUNION GOLD CORP - REUNION TO MANAGE ALL EXPLORATION
PROJECTS
WITHIN ALLIANCE UNTIL SUCH PROJECTS ARE DEFINED AS DESIGNATED
PROJECTS
    * REUNION GOLD CORP -  BARRICK WILL EXERCISE ITS RIGHT TO
NOMINATE
1 DIRECTOR TO REUNION'S BOARD
    * REUNION GOLD - BARRICK TO FUND/ARRANGE CAPITAL FOR CO'S
SHARE OF
ANY DEBT FINANCING NEEDED TO DEVELOP, CONSTRUCT MINE, RELATED
FACILITIES ON PROJECT
    * REUNION GOLD - BARRICK WILL RECEIVE AN ADDITIONAL 5
PERCENT
INTEREST IN DESIGNATED PROJECT FOR FUNDING OR ARRANGING SUCH
CAPITAL
    * REUNION GOLD CORP - BARRICK HAS AGREED TO SUBSCRIBE TO
SUCH
NUMBER OF SHARES TO INCREASE ITS INTEREST IN REUNION FROM 15% TO
19.9%

Source text for Eikon:  ID:nGNXNtKH1 
Further company coverage:  ABX.TO 

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